Understanding Corporate Tax in the GCC

Corporate tax regulations and rates vary across the GCC countries. Our services ensure your business adheres to these regulations, optimizing efficiency and minimizing liabilities.

Corporate Tax Rates in the GCC

1. United Arab Emirates (UAE):

• Corporate tax introduced from June 1, 2023.
• Standard rate: 9% on taxable income exceeding AED 375,000.
• 0% rate for income below AED 375,000.

2. Saudi Arabia:

• Standard corporate tax rate: 20%.
• Additional zakat for Saudi-owned businesses: 2.5%.

3. Oman:

• Corporate tax rate: 15%.
• Lower rate of 3% for small businesses meeting specific criteria.

4. Qatar:

• Corporate tax rate: 10%.
• Oil and gas companies taxed at 35%.

5. Kuwait:

• Corporate tax rate: 15%.
• Zakat: 1% for publicly traded companies.

6. Bahrain:

• Currently, no corporate tax except for oil and gas companies, which are taxed at 46%.

Our Services

1. Tax Planning and Strategy: Expert advice on structuring transactions to minimize tax liabilities, tailored to align with your business goals and the GCC’s tax landscape.
2. Tax Compliance: Comprehensive management of tax compliance, including preparation and filing of returns, and maintaining accurate records.
3. Tax Advisory: Ongoing advisory services to keep you informed about tax developments and their impact on your business.
4. Tax Audit Support: Support during tax audits, including handling communications with authorities, preparing documentation, and representing your interests.
5. International Tax Services: Specialized services for businesses operating across borders, managing tax obligations in multiple jurisdictions to ensure compliance and optimize global tax positions.

Why Choose Us?

• Expert Knowledge: Our team consists of seasoned tax professionals with extensive experience in the GCC region.
• Customized Solutions: Tailored services to meet your specific needs.
• Proactive Approach: Keeping you ahead of regulatory changes.
• Client-Focused: Commitment to excellent client service, providing timely and effective support.

Contact Us

Optimize your corporate tax strategy and ensure compliance with GCC regulations. Contact us today to learn more about our comprehensive corporate tax services. Let us handle the complexities of corporate tax, so you can focus on growing your business.