ABOUT US

Welcome to “Karrar Tax Consultancy”

OUR BEST SERVICES WITH THE AIM TO SERVE CUSTOMERS AND GET THEIR TRUST WITH BUDGET FRIENDLY PACKAGES WILL HELP YOU MAKE A DECISION TO WORK WITH US.

At Karrar Tax Consultancy, we make sure that as an accounting firm, the financial transactions and records of the company are kept up-to-date and accurate allowing key decision makers to rely on management reports. By leveraging our esteemed services, we can help to reduce costs, routine clerical or VAT / accounting processes, and improve the efficiency of the year end compliance process allowing you the time and resources to focus on growing and developing the business.

ABOUT OUR COMPANY

Grow your business with US

Welcome to Karrar Tax Consultancy; it is the most reliable Accounting, Bookkeeping, Corporate tax, VAT (Value added tax), Audit, and IT (Information Technology) Consultancy firm in UAE. Getting the right financial advice and services, and opting for the latest technology is the most important for the success of every business. At KHT Consultancy we ensure the delivery of professional, quality services with our dedicated and honest team. The firm’s primary line of business is to carry on the business of rendering services to individuals, firms, and organizations. We specialize in Accounts, Bookkeeping, Corporate tax, VAT (Value added tax), Audit, and a wide range of Information Technology services.

About us

OUR BELIEF

  • Our Mission

    To Provide Innovative Financial & Technological Solutions.

  • Our Vision

    To be the leading firm by providing quality services in the areas of Accounts, Tax, Audit and Information Technology.

  • Our Values

    Dedication, Quality, Teamwork and Honesty.

“I should be incapable of drawing a single stroke at the present moment; and yet I feel that I never was a greater artist than now. When, while the love”
- CEO - KARRAR HUSSAIN
OUR consultancy

TAX CONSULTANCY SERVICES IN UAE​

How do Tax consultants add benefits to a business in UAE?

Hiring a tax consultant is a preferable choice since it makes a corporate entity knowledgeable of the country’s tax rules. Tax professionals assist in the preparation of tax-related matters. They benefit your company by doing the following:

  • Lower your tax liability by staying up to date on the latest tax amendments
  • Assisting you in deciding whether the VAT system is best for you – voluntary or mandatory
  • Analyzing the tax advantages and disadvantages of your company’s activities
  • Implementing a metrics-based evaluation to assess industry trends and its tax implications

Different Categories of Tax in UAE

The United Arab Emirates (UAE) has been one of the foremost appealing destinations for budding firms, mid-sized firms, and major corporations because of its 0% personal income tax as well as a multitude of business permits and operations permitted in the free zones and cheap import tariffs. The UAE government has always made an effort to make the country’s tax environment as attractive and reasonable. The United Arab Emirates has produced different tax categories over period.

I. CORPORATE TAX

For the fiscal year beginning on or after June 1, 2023, the United Arab Emirates has decided to impose a corporate tax on business profits. The proposed UAE corporate tax rates are as follows:

  •  There is no tax on taxable income up to AED375,000
  •  Taxable income above AED375, 000 is subject to a 9% tax rate

Non Taxable Income & Exemptions

  •  Businesses that engage in commercial activities and the exploitation of natural resources
  •  On domestic and cross-border payments, there will be no withholding taxes.
  •  Individuals who own shares or other assets in their own name and get dividends, capital gains, or other forms of income.
  •  Individuals who have bank accounts or savings plans earn interest and other income.
  •  An individual’s earnings are determined by their salary or employment income.
  •  Dividends and capital gains are generated by qualifying shareholdings in a UAE firm.
  •  Intra-group transfers and reorganizations that qualify
  •  Individuals who do not require a company license or license to invest in real estate in the UAE can do so in their personal capacity.

II. VALUE ADDED TAX (VAT)

VAT (Value Added Tax) which was established on January 1, 2018 is a sort of indirect tax that is collected on the purchase and sale of goods and services. The UAE government’s decision to impose VAT is part of a larger approach to minimize the nation’s reliance on oil and petroleum products as a source of funding, and the VAT rate is 5% on a range of products.

Zero rated supplies include:

  •  Medical Supplies and Equipment
  •  Trading in gold, silver, and platinum
  •  Natural Gases and Crude Oil
  •  Residential sold for the first time.
  •  Healthcare
  •  Exports, as well as international transportation
  •  Education

Exempt supplies include:

  •  The provision of certain financial services as defined under VAT legislation
  •  Residential real estate
  •  Vacant land
  •  Passenger service in the local area

III. EXCISE TAX

Excise tax is a type of indirect tax levied on things that are often damaging to people or the environment. The following items must be categorized as excise commodities: –

  •  Tobacco-based items
  •  Carbonated drinks excluding unflavored aerated water
  •  Electronic smoking devices and equipment
  •  Drinks that have been sweetened.
  •  An energy drink is any beverage that is promoted or sold as such and includes stimulator ingredients that provide mental and physical stimulation.

The following items are free from excise tax in the UAE:

  •  Standard 654 of the GCC Standardization Organization recognizes beverages for particular dietary requirements.
  •  Standard 1366 of the GCC Standardization Organization recognize beverages consumed for medicinal purposes.
  •  Beverages that are ready to drink (with at least 75 percent milk or milk substitutes)
  •  Baby formula or baby food

In the UAE, the excise tax percentages for qualifying items are:

  •  Tobacco items receive 100%
  •  100% on e-cigarettes and e-cigarette accessories
  •  For carbonated beverages, 50% is the tax
  •  50% off items containing added sugar or other sweeteners
  •  100% for energy drinks

IV. TOURIST TAX

Tourists must pay a tourist tax at eateries, hotels, hotel apartments, and resorts across the country. In the UAE, various facilities may levy one or more of the following taxes:

  •  10% off the room rate
  •  Municipal fees are 10%
  •  The service charge is 10%
  •  The Tourism Dirham Fee was implemented in Dubai in 2014, and it is levied by hotels, hotel flats, guest houses, and vacation homes in the emirate. The Tourism Dirham Fee is payable per room per night and varies from AED 7 to AED 20, depending on the hotel’s star rating.
  •  The city tax (varies from 6% to 10%)
  •  The tourism charge is 6%.

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TAX CONSULTANCY SERVICES IN THE UNITED ARAB EMIRATES AT A REASONABLE RATE!

-Get one-stop guidance with expert tax consultancy services in the UAE, which are as follows:

  • VAT CONSULTATION IN UAE

    We deliver efficient VAT consultation services to help the business organization with the simple operation of a firm, based on our in-depth knowledge in interpreting and implementing VAT.
  • VAT CHECKUP IN UAE

    KARRAR TAX – A tax consultant in Dubai uses a hands-on method for conducting a thorough VAT Health check of company transactions and evaluations of ongoing practices and methods from a VAT taxation perspective.

  • VAT REGISTRATION IN UAE

    Businesses must follow tight VAT requirements while applying for VAT in Dubai. According to VAT laws, if a company’s annual income reaches AED 375,000, it must register for VAT. If a company’s yearly revenue is between AED 187,500 and AED 375,000, it is optional to register under UAE VAT law. Furthermore, if the value is less than AED 187,500, the business is exempt from this regulation’s registration requirements. KARRAR TAX Consultancy provides VAT registration services in UAE

  • TAX ADVISORS & BUSINESS FORMATION

    For all forms of tax-related concerns, businesses must designate a qualified tax agent. In Dubai, KARRAR TAX can provide you with an in-house tax adviser that is both dependable and faithful.

  • VAT RETURN FILING IN UAE

    VAT returns must be filed monthly or quarterly, depending on the size of the business. Customers can rely on KARRAR TAX to assist them with submitting VAT returns in UAE on time and accurately, as well as walk them through the process of resolving outstanding tax liabilities.

  • VAT IMPLEMENTATION IN UAE

    For businesses, knowing the fundamentals of VAT is essential. Adherence to VAT regulations is never a simple task. KARRAR TAX CONSULTANT specializes in VAT implementation in UAE. We support the customer by providing businesses with VAT-related advice and training.

  • ADVISORY ON VAT TRANSACTIONS

    VAT transaction advisory services are a type of service in which a VAT expert evaluates specific business transactions to see if VAT is applicable. This lets them look at how VAT impacts businesses and identify what changes they need to make to their accounting systems and business operations.

IMPORTANCE OF TAX CONSULTANTS IN UAE

  •  Assist you with tax returns and audited financial statements

  •  Detailed instructions on how to properly calculate tax payments

  •  Design strategies for avoiding fines and interest on your tax returns in the future

  •  Assist you renew your company’s rights and permits as well as performing audits

  •  Provides latest information on any updated tax policy matters

  •  Assists in the creation of tax-adjusted balance sheets and the handling of tax concerns

TAX CONSULTANCY SERVICES IN THE UNITED ARAB EMIRATES AT A REASONABLE RATE!

-Get one-stop guidance with expert tax consultancy services in the UAE, which are as follows:

  • VAT CONSULTATION IN UAE

    We deliver efficient VAT consultation services to help the business organization with the simple operation of a firm, based on our in-depth knowledge in interpreting and implementing VAT.
  • VAT CHECKUP IN UAE

    KARRAR TAX – A tax consultant in Dubai uses a hands-on method for conducting a thorough VAT Health check of company transactions and evaluations of ongoing practices and methods from a VAT taxation perspective.

  • VAT REGISTRATION IN UAE

    Businesses must follow tight VAT requirements while applying for VAT in Dubai. According to VAT laws, if a company’s annual income reaches AED 375,000, it must register for VAT. If a company’s yearly revenue is between AED 187,500 and AED 375,000, it is optional to register under UAE VAT law. Furthermore, if the value is less than AED 187,500, the business is exempt from this regulation’s registration requirements. KARRAR TAX Consultancy provides VAT registration services in UAE

  • TAX ADVISORS & BUSINESS FORMATION

    For all forms of tax-related concerns, businesses must designate a qualified tax agent. In Dubai, KARRAR TAX can provide you with an in-house tax adviser that is both dependable and faithful.

  • VAT RETURN FILING IN UAE

    VAT returns must be filed monthly or quarterly, depending on the size of the business. Customers can rely on KARRAR TAX to assist them with submitting VAT returns in UAE on time and accurately, as well as walk them through the process of resolving outstanding tax liabilities.

  • VAT IMPLEMENTATION IN UAE

    For businesses, knowing the fundamentals of VAT is essential. Adherence to VAT regulations is never a simple task. KARRAR TAX CONSULTANT specializes in VAT implementation in UAE. We support the customer by providing businesses with VAT-related advice and training.

  • ADVISORY ON VAT TRANSACTIONS

    VAT transaction advisory services are a type of service in which a VAT expert evaluates specific business transactions to see if VAT is applicable. This lets them look at how VAT impacts businesses and identify what changes they need to make to their accounting systems and business operations.

IMPORTANCE OF TAX CONSULTANTS IN UAE

  •  Assist you with tax returns and audited financial statements

  •  Detailed instructions on how to properly calculate tax payments

  •  Design strategies for avoiding fines and interest on your tax returns in the future

  •  Assist you renew your company’s rights and permits as well as performing audits

  •  Provides latest information on any updated tax policy matters

  •  Assists in the creation of tax-adjusted balance sheets and the handling of tax concerns

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Get in Touch

Find Us

Office 101, Al Amiri Building, Al Sharq Road, Mujarrah Sharjah, UAE

Phone Us

+971 558838510

+971 067491196

Email Address

info@karrartax.com

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