The business ecosystem in the UAE has changed significantly since the implementation of corporate tax. While the new regulations aim to align the country with global tax standards, they also place a responsibility on businesses large and small, to ensure full compliance. Now is the moment to evaluate your preparedness, regardless of whether you are a start-up, expanding SME, or global corporation. At BOT Consulting, we offer expert tax and financial advisory services tailored to help you stay ahead of every compliance requirement.
A thorough Corporate Tax Compliance checklist is provided here to assist you in being ready:
Understand your tax obligations – Not all businesses are taxed the same. Identify if your business meets the taxable income threshold (currently AED 375,000). Understand the applicable rate, exemptions, and whether you fall under Free Zone incentives. Assessing your permanent establishment status is particularly crucial for foreign companies.
Corporate tax registration – Be sure to register with the Federal Tax Authority (FTA) on time. Delayed registration can result in penalties. BOT Consulting’s tax services for international businesses include end-to-end support for smooth registration and documentation.
Maintain accurate financial records – Maintaining clear, compliant financial statements is essential. Businesses must adopt accounting practices that reflect true income and deductible expenses. The expert tax advisors for small businesses from BOT Consulting can help streamline your bookkeeping, ensuring all documentation meets audit standards.
Identify related party transactions – Transfer pricing regulations apply to related party dealings. Businesses must disclose and justify these transactions based on arm’s-length principles. We provide in-depth guidance on transfer pricing documentation and intercompany agreements.
Assess deductible and non-deductible expenses – Proper classification of expenses can significantly impact your tax liability. From interest caps to entertainment costs, it’s critical to distinguish allowable deductions. BOT’s best tax advisors for entrepreneurs help you optimize tax positions while staying compliant.
File returns accurately and on time – Corporate tax returns must be filed annually. To avoid penalties, timely and accurate submission is necessary. At BOT Consulting, we ensure that your return preparation, submission, and any follow-up with the FTA are handled with precision.
Stay updated on regulatory changes – The UAE tax landscape is evolving. Regular updates from the FTA mean businesses need to remain agile. Our tax and financial advisory services include ongoing compliance checks and regulatory insights to keep your business informed.
Is your business ready?
The transition into a taxed economy may feel overwhelming, but with the right advisory partner, you can navigate it confidently. BOT Consulting brings deep regional expertise and global tax knowledge to support businesses at every level. Whether you’re a startup seeking clarity or an international firm looking for end-to-end compliance, our team of expert tax advisors is here to help. Let us ensure your business not only meets UAE tax requirements, but thrives within them.
contact@botconsulting.ae | 
+971 55 100 3218 | 
www.botconsulting.ae
