Corporate Tax Assessment

Corporate Tax

Corporate Tax Assessment

Corporate Tax Impact Assessment Services in the UAE

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At Omnex, our Corporate Tax Impact Assessment is a structured and strategic approach to evaluating the implications of the UAE Corporate Tax regime on your business—while there’s still time to make meaningful adjustments. With a dedicated team of experienced corporate tax professionals, we deliver precise and actionable assessment services to ensure compliance and optimize tax efficiency across all business types in the UAE.

As UAE’s Corporate Tax policy came into effect in June 2023, businesses must proactively assess and align their operations with the new regulations. Omnex provides tailored Corporate Tax Assessment services to support businesses in identifying tax risks, documenting key requirements, and making informed decisions to stay fully compliant with Federal Tax Authority (FTA) regulations.

What is a Corporate Tax Assessment in the UAE?

A Corporate Tax Assessment helps determine the amount of tax a company is liable to pay based on its taxable income. This includes a detailed evaluation of revenue, applicable rates, deductions, exemptions, and documentation requirements.

At Omnex, our assessment process is more than just a calculation—it is a roadmap to proper tax planning, restructuring, and compliance readiness. We divide the tax assessment into three core areas:

Impact Assessment
Document Assessment
Compliance Assessment

1. Corporate Tax Impact Assessment

Our Corporate Tax Impact Assessment service involves analyzing how the UAE tax law affects your organization’s financial structure and long-term strategy. This comprehensive review helps you understand your current tax position, identify optimization opportunities, and implement changes that reduce exposure and enhance savings.

Key areas of focus include:

Tax Compliance: Evaluation of your obligations under UAE tax laws and readiness to meet deadlines and reporting standards.
Tax Planning: Strategic recommendations to minimize tax liabilities through available deductions, credits, and exemptions.
Transfer Pricing: Review of intra-group transactions to ensure fair pricing and full compliance with OECD-aligned UAE regulations.
Business Structure Review: Analysis of entity setup to optimize tax exposure across Free Zones, Mainlands, and international operations.
Eligibility for Incentives: Identification of tax incentives, such as Free Zone exemptions or sector-specific advantages.
International Considerations: Insight into how cross-border activities affect your corporate tax profile under UAE and global rules.

Our advisors guide you in making strategic business decisions with full understanding of Corporate Tax implications.

2. Document Assessment

Proper record-keeping is critical for tax compliance in the UAE. Businesses must maintain accounting records and supporting documents to justify tax returns and other filings submitted to the FTA.

At Omnex, we:

Help you understand the documentation requirements under UAE Corporate Tax Law
Assist in preparing and organizing financial statements, contracts, and transaction records
Ensure document readiness for FTA audits or reviews, minimizing risk of penalties

3. Corporate Tax Compliance Assessment

With the UAE adopting a self-assessment model, businesses are responsible for the accuracy of their tax submissions. Omnex helps you verify that your filings are in line with current legislation and support you in managing FTA reviews or assessments.

In the event of a dispute, our consultants can guide you through the appeal process, ensuring your rights are protected and corrective actions are taken within the regulatory framework.

FTA Clarification Requests

Have uncertainties around a tax position or a planned transaction? The FTA allows for pre-submission clarification requests, just like with VAT. Omnex can prepare and submit Corporate Tax Clarification requests on your behalf to remove ambiguity and help you proceed with confidence.