Why Use a Corporate Tax Calculator for UAE Businesses?
Navigating corporate tax obligations in the UAE can be challenging, particularly with varying regulations for Free Zone and Mainland entities. A corporate tax calculator is an essential tool for business owners seeking quick, accurate, and dependable estimates of their tax liability.
Get an Estimate of Your Corporate Tax Filing With our Calculator
More than just an estimation tool, Creative Zone Tax & Accounting’s Corporate Tax Calculator serves as a strategic starting point for an effective tax planning and regulatory compliance. By entering key financial details, businesses gain a clear understanding of their potential tax liability and how UAE corporate tax applies to them.
FAQs
Got Questions? We got Answers !
Easily estimate your UAE corporate tax liability with our Corporate Tax Calculator. Whether you’re gearing up for corporate tax registration or seeking clarity on qualifying income under UAE tax regulations, this tool provides instant, compliance-aligned insights to support your planning
Do businesses, that are already registered for VAT, need to register for corporate tax separately?
Businesses registered for VAT also need to register for
corporate tax.
Do individuals earning only salary and investment income need to register?
Individuals earning income by way of salary and investment do not need to register. However, if they are conducting business activities and have annual sales of more than AED 1 million, they would need to register. This also applies to Non-resident individuals as well if they are earning only investment income from the country.
What is the revenue threshold to be kept in mind when deciding if businesses need to get their financial statements audited?
Companies having revenue exceeding AED 50 million need to get their financial statements audited.
Does a Qualifying free zone person need to get their financial statements audited?
Qualifying free zone persons would need to get their financial statements audited irrespective of the revenue or profits being earned by them.
Can personal expenses be allowed to be deducted for calculating income?
Expenses incurred only for business purposes will be allowed to be deducted for calculating income. Examples, operating expenses, salaries, rent etc. Entertainment expenses will be deductible only up to 50% of expenses incurred (100% deductible if incurred for staff). Fines and penalties are not deductible.
Can you pay yourself a higher salary and reduce your income?
The salary paid needs to be the same as you would have paid if you hired an outsider for that role i.e. it should conform to market standards.
