Corporate Tax Planning & Optimization

It is very important to do advance planning to optimize the taxable profits and corporate tax on the same. This may require review of legal structure of the company, MOA/AOA, nature of business, mainland and freezone considerations, related party activities, investment profile, interest income and expenses and several other considerations. There are perfectly legal ways to minimize your tax liability by prudent tax planning & practices.

We can advise you to do Tax Planning & Optimisation, and your benefits may far exceed the costs involved.

Initial & Ongoing Consultancy

One surely requires professional help if they want to interpret and apply to their business and many specific aspects to it, the whole set of rules and regulations contained in - UAE Corporate Laws, Executive Regulations, Cabinet Decisions, Circulars, Amendments, Guidelines, etc.

We have experience and to help you with any or all of the following:

Advise you on the Corporate Tax applicability to your business

Documentation & Records keeping for Corporate Tax

Define Policies and Procedures for Corporate Tax

Accounts Setup, Checking and Reconciliation for Corporate Tax

Corporate Tax Reporting

Creating Corporate Tax Manual for your organisation

Clarify all your questions and doubts on real-time basis

Corporate Tax Compliance Auditing

Based on our long experience, we can review your organisation’s compliance with UAE Corporate Tax Laws, including:

Review Corporate Tax applicability to your specific business

Review you documentation & records-keeping for Corporate Tax

Review your Policies and Procedures for Corporate Tax

Review your Accounts Setup, procedure for Checking and Reconciliation for Corporate Tax

Helping you prepare for Corporate Tax Audit & Reporting required by Corporate Tax Authorities

Statutory / External Audit

Annual Statutory/External Audit is compulsory for Corporate Tax, VAT, and as per UAE Commercial Companies Law. It is also a mandatory provision is most of the Memorandum (MOA) in mainland and freezone. Most Freezone also require statutory/external audit even for renewal of trade license every year.

We have 30+ Years’ experience in Statutory Audit

We are registered Auditor approved by Govt of UAE

If you do Corporate Tax filing work with us, we prepare reconciliation between Corporate Tax Returns and Audited Financial Statements (Sales), and make it part of Audit Report

Corporate Tax Accounting / Accounts Review / Reporting / Reconciliation

Other Corporate Tax Services

Corporate Tax Deregistration or amendments

Corporate Tax Refunds and Adjustments

Corporate Tax Software

Corporate Tax Accounting

Other Corporate Tax Services

For more details you may download the brochure:
Corporate Tax Services Brochure New - Kant & Clients

You may also visit our group Auditing company’s website link as under:
Kant & Clients

A client may not be able to apply these difficult considerations without proper experience, hence we can provide professional help.

Interest, Managerial Remuneration, Depreciation & Amortisation

Interest, Managerial Remuneration, Depreciation & Amortisation, etc have special considerations under UAE Corporate Laws. A client may not be able to apply these difficult considerations without proper experience, hence we can provide professional help.

Carried/Brought Forward Losses/Expenses

Tax Losses, Interests and certain other expenses are allowed to be carried forward to set-off with following years’ taxable profits. A client may not be able to apply these difficult considerations without proper experience, hence we can provide professional help.

Compute Taxable Profits

After considering all the above aspects we are best placed to compute taxable profits and taxes for your business.

Checking, Preparing and Submitting Corporate Tax Return

After conducting accounts review, consider allowed & disallowed expenses, transactions with related parties, Interest/Managerial Remuneration/Depreciation/Amortisation, Carried/Brought Forward Losses/Expenses, we are in a position to prepare a draft of Corporate Tax Return, that can be reviewed by the management and submitted on the tax portal.

Reconciliation of Net Profit & Taxable Profits

It is very important to reconcile the Net Profit in Financial Statements with Taxable Profits, after adjusting all the items considered in the computation. This will leave proper audit trails for reference anytime later – for any possible audit by tax authorities.

For more details you may download the brochure:
Corporate Tax Services Brochure New - Kant & Clients

Visual ACE provides a dashboard to bring all the elements of Corporate Tax into one screen and compute corporate tax return and taxable profit.

Software provides a drill-down facility till transaction level.

VA Corporate Tax Dashboard allows review, check, audit, manage, control all aspects of Corporate Tax from a single screen for all entities in the same tax group.

It also prepares the Tax Return in the prescribed format.