The tax environment has evolved significantly in recent years as authorities demand increased transparency and reporting – be that on a domestic or cross-border basis. Accurate and timely tax reporting is now critical to the successful functioning of any business.

The UAE introduced its corporate tax regime in December 2022, which will apply to fiscal years starting on or after June 1, 2023, marking the country's adoption of corporate taxation.

Most businesses in the UAE are subject to corporate tax, including UAE companies and entities incorporated or managed within the country, natural persons conducting specified business activities, non-resident foreign entities with a permanent establishment in the UAE, and certain businesses in UAE free zones, although some may qualify for exemptions under specific conditions set by the Federal Tax Authority (FTA).

The UAE tax system taxes residents on both domestic and foreign income, while non-residents are only taxed on income derived from within the UAE. 

Our expert team takes the burden from you and helps to ensure you meet the tax authorities’ expectations and that filings are completed in advance of deadlines. 

With headquarters in Jersey, we have offices in key business locations and financial centres around the world – from Asia to the Americas. With clients from 115 countries, there is very little we haven’t encountered before.

At Hawksford, we are here to support, allowing you to focus on what truly matters - growing your business. Our dedicated team is ready to help you achieve your goals swiftly and efficiently. Let’s make your expansion journey smooth and successful together.