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Tax Consultants in Abu Dhabi

Handling tax matters alongside regular business operations can be challenging. HLB Abu Dhabi is a trusted tax consultancy firm with a skilled team capable of addressing various tax specialties and integrating them strategically into your business model.

Our experienced professionals assess both personal and business tax requirements to develop tailored financial strategies aligned with your company’s needs. We possess in-depth understanding of the taxation system and leverage sophisticated tools and methodologies to deliver high-quality services to our clients.

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Tax Consultancy Services in Abu Dhabi

How do Tax consultants benefit businesses in Abu Dhabi?

Engaging a tax consultant is advantageous as it ensures a company remains well-versed in local tax regulations. Tax professionals assist in preparing and optimizing tax-related matters by:

  • Keeping abreast of the latest tax amendments to minimize tax liabilities.
  • Advising on voluntary or mandatory VAT registration suitability.
  • Conducting analyses of tax implications related to business activities.
  • Implementing metric-based evaluations to assess industry trends and their tax impacts.

Different Tax Categories in Abu Dhabi

The United Arab Emirates (UAE) has become a preferred destination for businesses due to its 0% personal income tax, extensive business permits in free zones, and low import tariffs. The UAE government has introduced several tax categories over time:

  1. Corporate Tax

Effective from June 1, 2023, the UAE imposes a corporate tax on business profits with the following rates:

  • Tax-free income up to AED 375,000.
  • 9% tax on income exceeding AED 375,000.

Non-Taxable Income & Exemptions

  • Businesses engaged in commercial activities and natural resource exploitation.
  • No withholding taxes on domestic and cross-border payments.
  • Individuals receiving dividends, capital gains, or interest from bank accounts or savings plans.
  • Income derived from salary or employment.
  • Dividends and capital gains from qualifying shareholdings in UAE companies.
  • Intra-group transfers and reorganizations.
  1. Value Added Tax (VAT)

VAT was introduced in the UAE on January 1, 2018, as an indirect tax levied on goods and services at a standard rate of 5%. Zero-rated supplies include medical supplies, gold trading, crude oil, first-time residential sales, healthcare, exports, and education. Exempt supplies cover certain financial services, residential real estate, vacant land, and local passenger transport.

III. Excise Tax

Excise tax applies to goods considered harmful to health or the environment, such as tobacco, carbonated drinks, electronic smoking devices, sweetened beverages, and energy drinks. Exempt items include specific dietary beverages and baby formula. Tax rates range from 50% to 100% based on the type of product.

  1. Tourist Tax

Tourists visiting the UAE are subject to tourist taxes at hotels, hotel apartments, restaurants, and resorts. Charges may include room rates, municipal fees, service charges, and the Tourism Dirham Fee levied in Dubai, ranging from AED 7 to AED 20 per room per night depending on the hotel’s rating. City taxes and a tourism charge may also appl

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Tax Consultancy Services in Abu dhabi at Competitive Rates!

Explore comprehensive tax consultancy services in the UAE provided by HLB Abu Dhabi:

  • VAT Consultation: Benefit from efficient VAT consultation services tailored to simplify business operations, leveraging our deep expertise in interpreting and implementing VAT regulations.
  • VAT Checkup: HLB Abu Dhabi conducts thorough VAT Health checks, evaluating company transactions and ongoing practices from a VAT taxation perspective.
  • VAT Registration: Navigating strict VAT requirements in Dubai is crucial. According to UAE VAT laws, businesses with annual income exceeding AED 375,000 must register for VAT. For income between AED 187,500 and AED 375,000, registration is optional. HLB Abu Dhabi provides expert VAT registration services in UAE.
  • Tax Advisors & Business Formation: Ensure compliance and strategic tax planning with qualified tax advisors from HLB Abu Dhabi, dedicated to addressing all tax-related concerns.
  • VAT Return Filing: Accurate and timely VAT return filing is essential. HLB Abu Dhabi supports businesses in filing VAT returns monthly or quarterly, assisting in resolving any outstanding tax liabilities.
  • VAT Implementation: Understanding VAT fundamentals and compliance is crucial for businesses. HLB Abu Dhabi specializes in VAT implementation, offering guidance and training to ensure adherence to VAT regulations.
  • Advisory on VAT Transactions: Our VAT experts provide transaction advisory services, evaluating specific business transactions for VAT applicability and recommending adjustments to accounting systems and operations.

Importance of Tax Consultants in Abu dhabi

  • Assist with tax returns, audited financial statements, and tax payment calculations.
  • Develop strategies to avoid fines and interest on future tax returns.
  • Support in renewing company permits, conducting audits, and staying updated on tax policy changes.
  • Prepare tax-adjusted balance sheets and manage tax-related issues effectively.

Why Choose HLB Abu Dhabi for Your Tax Consultancy Services?

Our skilled professionals assess both personal and business tax requirements, crafting customized financial strategies aligned with your company’s needs. With deep knowledge of the taxation system and sophisticated methodologies, we deliver reliable services to our clients.

Contact HLB Abu Dhabi today to streamline your tax management and compliance in the UAE!

Frequently Asked Questions – Tax Consultant in Abu Dhabi

What is involved in conducting a tax audit in Abu Dhabi?

 The FTA conducts tax audits in the UAE to verify compliance with UAE VAT laws and regulations, ensuring accurate tax payments.

Why should you hire a tax consultant in Abu Dhabi?

Engaging a tax consultant in the UAE helps businesses analyze tax transactions, ensure adherence to UAE VAT laws, and provide strategic tax planning.

What role does HLB Abu Dhabi play as a tax consultant?
What does a tax agent do?

A tax agent, registered with the FTA, represents taxable persons, advocating for them before the FTA, and assisting in fulfilling their tax obligations and entitlements.

What is the purpose of the Tax Agent Register?

The Tax Agent Register maintained by the FTA records all matters related to a tax agent’s professional conduct.

What is the standard tax rate in the United Arab Emirates?

There is no personal income tax in the UAE, and the standard rate for Value Added Tax (VAT) is set at 5%.

When was the excise tax implemented in Abu dhabi?

Excise tax in the UAE came into effect on October 1, 2017, through Federal Decree-Law No. (7) of 2017 on Excise Tax.

What is the definition of tax?

Taxation is a means by which governments generate revenue to fund public services. It includes two types: Direct Tax and Indirect Tax.

How does taxation benefit a nation?

Taxation provides a consistent revenue stream to ensure the provision of essential public services and helps reduce dependence on oil revenue.

What is the Federal Tax Authority?

In the United Arab Emirates, the Federal Tax Authority (FTA) oversees the management, administration, and enforcement of federal taxes.

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