UAE tax law requires maintenance of accounting records, supporting invoices, contracts, bank statements, and related documentation for at least 5 years. Our bookkeeping and tax advisory services establish proper record-keeping systems, ensure digital backup compliance, and prepare documentation packages for potential FTA audits or reviews.
What documentation must I maintain for tax compliance in Ajman?
How can tax consultancy services help reduce my overall tax liability?
Professional tax planning identifies legitimate deductions, credits, and structural opportunities to optimize your tax position while maintaining full compliance. Our tax advisory services include transaction structuring, timing optimization, allowable expense maximization, and strategic business planning to legally minimize your corporate tax and VAT obligations while supporting business growth objectives.
VAT returns are due quarterly (within 28 days of period end), while corporate tax returns are annual (within 9 months of financial year-end). Our automated filing system ensures timely submission of all required returns, maintains compliance calendars, and provides advance notification of upcoming deadlines to prevent late filing penalties.
How often must I submit VAT returns and corporate tax filings?
Qualifying free zone entities may be exempt from UAE Corporate Tax on income from qualifying activities, provided they meet substantial economic activity requirements and maintain adequate substance. Our international tax specialists evaluate your eligibility, ensure compliance with qualifying conditions, and structure operations to maximize available tax benefits.
Can free zone companies in Ajman benefit from corporate tax exemptions?
The FTA imposes significant penalties for late registration (AED 10,000-50,000), delayed filing (AED 500-20,000 per return), and inaccurate submissions (up to 50% of tax due). Our compliance monitoring services help you avoid these penalties through automated deadline tracking, accurate return preparation, and proactive communication with tax authorities.
What penalties apply for non-compliance with UAE tax laws?
Tax registration in Ajman requires submission through the FTA portal, accompanied by supporting documentation, including a trade license, a memorandum of association, and details of beneficial ownership. Our tax consultants handle the entire registration process, ensuring accurate classification, timely submission, and proper setup of your tax accounts with the federal tax authority.
How do I register for corporate tax and VAT in Ajman?
Businesses in Ajman must comply with UAE Corporate Tax (9% on profits exceeding AED 375,000), VAT registration and filing (5% standard rate), Economic Substance Regulation for qualifying activities, and Ultimate Beneficial Owner reporting. Our tax experts assist with complete registration, ongoing compliance, and strategic tax planning to ensure your entity meets all federal tax authority requirements.
What are the main tax obligations for businesses operating in Ajman?