If you own a company in the UAE, particularly in Sharjah or Dubai, it is highly essential that you know how taxation functions. In this easy guide, we will be discussing taxation sharjah, finding the best corporate tax consultants in Dubai, and why it is a wise decision to hire a tax agent in the UAE for your business.

What is Taxation in Sharjah?

Sharjah is among the United Arab Emirates (UAE) emirates. As with the remainder of the UAE, it has begun implementing corporate taxes for enterprises. The new UAE corporate tax law translates into companies paying tax on profits just like everywhere else.

Previously, there were not many corporate taxes in a majority of cases. But as of June 2023, Sharjah and other emirates' businesses are required to pay 9% tax on income earned more than AED 375,000. This corporate tax is applied to all companies except small firms below the threshold, and some free zone businesses with specific terms.

Why You Need Corporate Tax Consultants in Dubai

Dubai is a big business center. Most Sharjah-based companies hire corporate tax consultants dubai since the city has numerous professionals with good knowledge of UAE tax regulations.

These consultants assist you in:

Understanding how much tax you will pay

Preparing and submitting your tax returns properly

Preventing penalties from the UAE government

Planning your taxes smartly to save money legally

Hiring the best UAE corporate tax consultants gives you peace of mind. You can concentrate on your business, while professionals take care of the paperwork and tax issues.

What Does a Tax Agent in UAE Do?

A uae corporate tax consultants is an individual who is registered with the Federal Tax Authority (FTA). They are authorized to assist businesses with tax issues. They can:

Communicate with the FTA on your behalf

File your tax returns

Answer any queries of tax authorities

Assistance with tax problems and audit

Having a good tax agent in uae guarantees that you comply with the law and are aware of any changes. They operate similar to your guide in the tax field.

Tips on How to Select the Right Tax Agent or Consultant

Find one with experience – Pick a person who knows UAE tax laws.

Check FTA registration – Ensure your tax agent is registered with the FTA.

Ask for reviews or references – Find out what other customers say.

Compare prices – Get a reasonable price for the service.

Meet in person or online – Discuss with them before making a decision.

Conclusion

Whether you are a small business in Sharjah or an expanding company in Dubai, knowing taxation in Sharjah and having the proper corporate tax consultants in Dubai or a tax agent in the UAE can keep you legal and worry-free. The UAE tax system is new, but with proper assistance, it is simple to handle.