Question 1

Does a Free Zone company pay Corporate Tax in the UAE?

Accepted Answer

Juridical persons registered in Free Zones are required to register for Corporate Tax. The standard rate is 9% on taxable income exceeding AED 375,000, while income up to AED 375,000 is subject to a 0% rate. If your company meets the specific conditions to be a 'Qualifying Free Zone Person,' a 0% rate may apply to qualifying income.

Question 2

How does the Double Taxation Agreement (DTA) between the UAE and Kazakhstan work?

Accepted Answer

The DTA protects your business from being taxed on the same income in both jurisdictions. To benefit from reduced rates or withholding tax exemptions when working with partners in Kazakhstan, your UAE company must obtain a Tax Residency Certificate (TRC).

Question 3

At what turnover is VAT registration required in the UAE?

Accepted Answer

VAT registration in the UAE is mandatory if your taxable supplies exceed AED 375,000 in any 12-month period. Voluntary registration is available once your turnover reaches AED 187,500. We handle the entire process with the Federal Tax Authority (FTA).

Question 4

Can you restore accounting records if they haven't been maintained since incorporation?

Accepted Answer

Yes, accounting restoration and historical clean-up is one of our standard services. We collect all primary documentation, perform complete bank reconciliations, and rebuild financial records in compliance with IFRS standards.

Question 5

Is an annual financial audit mandatory for my UAE company?

Accepted Answer

Audit requirements depend on the specific regulations of the Free Zone where you are registered, as well as turnover thresholds under Corporate Tax rules. We assess internal controls and prepare compliant audit-ready statements.