UAE Corporate Tax Advisory & Compliance Services:
Following the announcement by the UAE Ministry of Finance on 31 January 2022, the UAE introduced a Federal Corporate Tax regime applicable to financial years starting on or after 1 June 2023.
The introduction of Corporate Tax represents a significant shift in the UAE’s tax landscape. At TFS Plus, we believe that Corporate Tax implementation should be well-planned, structured, and seamlessly integrated into business operations, ensuring continuity, compliance, and long-term tax efficiency.
Our Corporate Tax services are designed to support businesses before, during, and after implementation, allowing management to focus on core operations while we manage tax complexity.
What we do at TFS Plus
Corporate Tax Impact & Applicability Assessment:
• High-level assessment of the applicability of UAE Corporate Tax to taxable, exempt, and excluded persons. • Identification of Corporate Tax exposure, exemptions, reliefs, and transitional provisions. • Evaluation of Free Zone status and Qualifying Income eligibility.
Detailed Corporate Tax & Transfer Pricing Assessment:
• Detailed assessment based on the final UAE Corporate Tax and Transfer Pricing regulations. • Review of inter-company transactions and pricing policies. • Identification of potential uncertain tax positions and transfer pricing risks. • Assessment of related-party transactions and compliance with arm’s length principles.
Corporate Tax Implementation & Structuring:
• Assistance in designing and implementing Corporate Tax and Transfer Pricing policies. • Advisory on business structuring and restructuring to enhance tax efficiency. • Evaluation of system and process readiness (ERP, accounting systems, reporting). • Assistance in obtaining Corporate Tax registration (single entity or tax group). • Support in Tax Group formation and restructuring, where applicable.
UAE Corporate Tax Compliance & Reporting:
• Assistance in preparation and review of Corporate Tax returns. • Support with electronic filing of Corporate Tax returns through the EmaraTax portal. • Assistance in preparation and maintenance of Transfer Pricing documentation, including: o Transfer Pricing Local File. o Related-party disclosures. • Evaluation and validation of arm’s length pricing for inter-company transactions.
Ongoing Advisory & Risk Management:
• Ongoing Corporate Tax advisory support. • Review of transactions for Corporate Tax and Transfer Pricing implications. • Support during FTA audits, reviews, and clarifications. • Assistance with voluntary disclosures and penalty mitigation, where required.
Why TFS Plus?
- Practical, business-focused advice aligned with UAE MoF and FTA guidance.
- Strong expertise across Corporate Tax, Transfer Pricing, and UAE regulatory frameworks.
- Customized solutions tailored to SMEs, Free Zone entities, and group structures.
- Hands-on support from experienced tax professionals.
