While Dubai is renowned for its tax-friendly environment, certain business activities are subject to corporate tax. The UAE introduced a federal corporate tax law that came into effect in recent years, aimed at diversifying government revenue sources. Silver Bricks helps businesses operating in Dubai meet these requirements to avoid penalties and optimize their tax liabilities.
The basic requirements for corporate tax compliance in which we help our clients are as follows:
VAT was introduced in the UAE on January 1, 2018, at a standard rate of 5%. This consumption tax applies to the majority of goods and services, with some exceptions. Businesses in Dubai must navigate the complexities of VAT to ensure compliance and efficient financial management. Since 2018, we have assisted our clients in dealing with VAT without any hassle. Some of the requirements for VAT compliance for which we offer our services are:
The recent changes in the UAE VAT are aimed at enhancing compliance and clarity. Some key updates include:
You don’t need to worry about anything, as Silver Bricks takes care of all the aspects well related to VAT and any changes that can affect your business.
We handle the entire process of corporate tax and VAT registration, ensuring your business is compliant from day one.
Our experts provide strategic tax planning and advisory services, helping you optimize your tax liabilities and enhance financial efficiency.
We maintain accurate and up-to-date financial records, essential for tax compliance and financial decision-making.
We manage the preparation and filing of tax returns, ensuring accuracy and timely submissions to avoid penalties.
Our e-invoicing solutions ensure compliance with the latest mandates, streamlining your invoicing processes.
We offer training and support to your in-house teams, empowering them to manage corporate tax and VAT requirements effectively.
