Professional Tax Lawyers in the UAE

Professional Tax Lawyers in the UAE

This is common to feel you’re on your own, while dealing with a taxation dispute with the UAE tax body. You may think the Federal tax authority (FTA) is cornering you against the wall with their taxation scrutiny. Expert tax lawyers in the UAE help you to understand your options, and find the way to handle the situation.

KWS Legal Advisory is a leading law firm in Dubai, assisting clients in navigating the complex taxation landscape. With a team of specialist tax lawyers, we advise clients on all taxation issues and compliance reporting. It makes them adept at resolving the most complex tax matters in Dubai and across the UAE.

These are the vital things you need to know about the tax laws of the UAE.

Connect with us for the best UAE Tax law consultation in the UAE.

Understanding the Impact of the UAE's Tax Framework

International Tax Implication

Effective tax planning and transaction structuring require a strategic approach. Get complete knowledge of the tax policy in the key UAE jurisdictions. Get the most of the expertise and innovation of the tax law consultants to maximize the deal efficiency. Globalization is transforming everything from travel and transportation, goods supply, product sales, service delivery, currency valuation, etc.

UAE’s Corporate Tax

In June 2023, UAE set 9% corporate tax on taxable income above AED 375,000 of natural persons. Juridical persons earning less than this amount are exempt from the corporate tax in the mainland. Corporate tax is even applicable on real estate, affecting businesses in property management, construction, development, agency, and brokerage activities.

Personal Tax Planning

Today, people want financial freedom, and aim to achieve their goal of success and prosperity. Legal tax experts offer a variety of financial services, including personal investment advice, retirement planning, pension transfers, and tax consultation. They understand that each individual client has unique needs and aspirations, providing bespoke solutions to safeguard and enhance personal wealth.

Proper Tax Calculation

UAE business owners need legal advice on income tax amounts and financial services to avoid excessive taxation. Legal tax consultants provide income tax calculation services and financial reporting assistance. Minimizing the taxes benefits the businesses in the UAE, and the tax body (and the government).

Advantages of qualified Tax Law Services in the UAE

Commercial and Civil Tax

Our legal team provides comprehensive tax consultancy services in the UAE. We offer advice on commercial and civil matters, international taxation, business structuring, M&A, joint ventures, due diligence, payroll services, tax returns, tax audits, book and record keeping, and commercial contracts. Al Shaiba Advocates is a top tax lawyer and consultant in Dubai.

Real Estate Taxation

UAE corporate tax on real estate is calculated on a net basis, allowing deductions for income-producing expenses like depreciation and interest. The tax is due every quarter and businesses must file a return and pay by the end of the month. To avoid penalties, the government has requested all local and foreign businesses to register within a year.

Due Diligence and Tax Reporting

The due diligence methodology starts with a program identifying the business purpose, objectives, and destinations in the UAE. A team of legal experts and financial consultants gathers and stores the data in a set timeline. They issue a report after resolving all issues, that ensures a thorough and accurate evaluation of potential tax compliance risks.

Tax Dispute Resolution

High net worth individuals and businesses face rising risk from secured and unsecured creditors, tax collectors, and private party litigants. Legal protection from these threats is crucial to protect their financial well-being and financial growth. The guidance of a financial advisor with tax law expertise is the difference between financial security and economic risks.

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Reasons of choosing KWS Legal Advisory for Taxation

We at KWS Legal Advisory deliver reliable and affordable law consultancy on all taxation matters in the UAE.

  • Our legal firm consists of a team of highly professional and UAE licensed lawyers and tax consultants.
  • KWS Legal Advisory as a trustworthy law company in Dubai, offers business support, court representation, tax reporting, and compliance documentation.
  • As a popular law firm in Dubai, we provide exceptional legal services throughout the United Arab Emirates.
  • Our professional law entity in Dubai is exclusive to providing result-driven quality legal services in the UAE.

Get in touch with the best tax lawyers in Dubai, UAE.

FAQs

The UAE does not impose income tax on individuals. However, it applies a 5% value added tax (VAT) on the purchase of goods and services. VAT in the UAE is applicable on each stage of the supply chain.

Federal Decree-Law No 47 of 2022 terms a “taxable person” as any individual subject to corporate tax in the UAE. It includes natural persons conducting business activities or company operations in the country.

UAE’s tax payment policy requires a 2% late fee that becomes 4% on the seventh day after the deadline. A daily penalty of 1% applies for any unpaid amount one month after the tax deadline.

Annual taxable income of the natural and juridical persons is subject to a 9% corporate tax rate. However, the persons and businesses generating profits less than this amount are exempt from the corporate tax. Different rates apply on MNEs under Pillar 2 of the BEPS 2.0 framework, with consolidated global revenues exceeding AED 3.15b.

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