Corporate Tax
Service Overview
With the UAE implementing Corporate Tax from 1st June 2023, businesses are now required to assess their financial structures and reporting mechanisms to ensure compliance. This tax reform is part of the country’s commitment to international transparency and economic diversification. Corporate Tax affects profit calculations, intercompany transactions, and strategic planning. MBK guides businesses to understand the impact, prepare accurate filings, and manage audits, ensuring compliance while optimizing their tax position.
Service Scope
MBK/24A Plus provides comprehensive bookkeeping and accounting services through flexible delivery arrangements(remote service or scheduled client site visits) at monthly or mutually agreed intervals. All accounting transactions are recorded in accordance with International Accounting Standards.
The firm utilizes multiple professional software platforms including Tally, QuickBooks, Xero, and Zoho, and can accommodate any other software system based on the client’s preferences and requirements.
MBK provides end-to-end Corporate tax services including
Corporate Tax Registration
MBK assists businesses in registering for Corporate Tax with the Federal Tax Authority (FTA). This involves collecting the necessary documentation, and submitting the registration application on the FTA portal. MBK ensures accurate and timely registration to avoid penalties.
Key Support Includes:
- Submission of registration on the FTA portal
- Responding to FTA queries
- Advisory on group registration and tax residency
Corporate Tax Impact Assessment
Good understanding of how Corporate Tax affects their operations, profitability, and compliance obligations is key for businesses prior to filing returns. MBK’s detailed impact assessments help clients evaluate tax liabilities, identify restructuring needs, and plan for efficient tax management.
Key Support Includes:
- Review of financial statements and business models
- Estimation of tax liabilities under Corporate Tax Law, Regulations, guides and clarifications introduced from time to time
- Identification of deductible expenses and exemptions
- Advisory on restructuring or operational changes to optimize tax exposure
Corporate Tax Return Filing
MBK prepares and files Corporate Tax returns in compliance with Corporate Tax Law and regulations. This includes calculating taxable income, applying deductions, and ensuring accurate reporting of financial data. MBK supports clients in maintaining proper documentation, and ensures timely submission to avoid penalties
Key Support Includes:
- Preparation of tax computations and schedules
- Review of financial records for compliance
- Advisory on opting for Small Business Regime, Qualifying Free zone Exemptions
- Filing returns via the FTA portal
Audit Support
In case of a tax audit or inquiry by the FTA, MBK provides full support including documentation review, and response preparation. The firm helps clients understand audit requirements and respond effectively to ensure compliance and minimize risk.
Key Support Includes:
- Pre-audit readiness checks
- Organizing and reviewing tax records
- Responding to FTA queries and notices
- Assistance during audit proceedings
Portal Amendments
Businesses may need to update their Corporate Tax registration details due to changes in name, address, ownership, or legal structure. MBK assists in making these amendments on the FTA portal to ensure records remain accurate and compliant.
Key Support Includes:
- Identification of required changes
- Preparation of supporting documentation
- Submission of amendments on the FTA portal
- Confirmation of successful updates and compliance
Deregistration
If a business ceases operations or no longer meets the criteria for Corporate Tax, MBK helps with deregistration from the FTA. This includes preparing final returns, settling outstanding liabilities, and submitting timely deregistration requests to avoid late penalties.
Key Support Includes:
- Evaluation of deregistration eligibility
- Preparation of final tax filings and documentation
- Submission of deregistration application
- Follow up and responding to FTA queries
- Ensuring closure of tax obligations
Transfer Pricing Documentation
For businesses with related party transactions, MBK assists in preparing transfer pricing documentation in line with OECD guidelines and UAE requirements. This ensures fair and transparent pricing of intercompany transactions. MBK collaborates with another professional firm for preparing benchmarking reports under Transfer Pricing Regulations.
Key Support Includes:
- Identification of related party transactions
- Preparation of transfer pricing reports and comparables
- Ensuring documentation meets FTA standards
- Advisory on disclosure requirements and filing deadlines
E-invoicing
Electronic invoicing (e-Invoicing) is the exchange of the invoice documents between a supplier and a buyer in an integrated electronic format. An e-Invoice is a structured form of an invoice data that is issued and exchanged electronically between a supplier and a buyer and reported electronically to the UAE Federal Tax Authority.
UAE is implementing e-Invoicing initiative in a phased manner.
Pilot programme begins on 1st July, 2026.
| Criteria | Deadline to Implement E-Invoicing | Deadline to Appoint Accredited Service Provider (ASP) |
| Revenue equal to or above AED 50 mn | 1 January, 2027 | 31 July, 2026 |
| Revenue below AED 50 mn | 1 July, 2027 | 31 March, 2027 |
Business-to-Consumer Transactions shall not be subject to the Electronic Invoicing System and any Person engaged exclusively in such transactions shall not be subject to the Electronic Invoicing System, until such time determined by a decision issued by the Minister.
MBK collaborates with ASPs and can assist you in your journey of e-Invoicing.
Benefits to Clients
- Accurate and timely tax filings
- Strategic insights through impact assessments
- Reduced risk of non-compliance and penalties
- Support for transfer pricing and audit readiness
Ensure Tax Compliance With Our Support
