Did you know
Even registrants with no supplies or transactions in the tax period are required to submit tax returns. Non-compliance may lead to the imposition of penalties on the registrant.
If you think that you are off the hook, think again!
Corporate tax is coming mid-next year, and whether your company is subject to corporate tax or below the taxable income threshold, you should maintain organised books of accounts and have a robust accounting system in place in preparation for the expected implementation of corporate tax in UAE.
Businesses of all size are strongly recommended to be keeping clear accounts recordes and hold audited company financials if they want to make their Corporate Tax season less stressful!
We are here to assist you in this transition.