Jaxa Accountants Assist UAE Companies as Corporation Tax Submission Deadline Approaches
The United Arab Emirates (UAE) has introduced a new corporate tax system, affecting businesses with profits exceeding 375,000 AED. These companies have until September 30, 2025, to submit their tax returns, as announced by the UAE Federal Tax Authority (FTA). To help businesses navigate this change, Jaxa Chartered Accountants, a leading auditing and tax advisory firm in Dubai, is offering support.
Jaxa Chartered Accountants has over 18 years of experience supporting companies across the UAE. They provide a comprehensive suite of services, including auditing, tax advisory, VAT services, and accounting services designed for accuracy, compliance, and financial reporting.
The firm assists businesses in identifying opportunities for tax savings and redesigning their operations to maintain compliance with the UAE FTA. They offer corporate tax advisory services, including tax planning, registration, and filing, as well as customised workshops and one-on-one consultations for understanding the complexities of the new tax environment in the UAE.
Moreover, Jaxa Chartered Accountants delivers auditing services focused on transparency, compliance, and financial accuracy. They also provide digital and tech-enabled solutions for simplifying record-keeping, automating calculations, and enhancing reporting accuracy.
Early preparation for corporate tax return filing is crucial due to the deadline. Jaxa Chartered Accountants advises businesses to start preparing early to identify potential exposures and assess the impact on financial statements.
It's important to note that penalties for late or incorrect submissions of corporate tax returns exist in the UAE. Therefore, seeking professional assistance can help businesses ensure compliance and avoid potential penalties.
The deadline applies to companies with a financial year ending on 31 December 2024. As the UAE introduces corporate tax, marking a significant change in its financial landscape, Jaxa Chartered Accountants is committed to helping businesses remain compliant while structuring their tax strategies to remain competitive in the market.
However, the information provided on Jaxa Chartered Accountants is for informational purposes only and should not be considered as an advertisement. Businesses are encouraged to conduct their own research and consult with multiple professionals to make informed decisions about their tax strategies.
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