The Value Added Tax (VAT) is the most common type of consumption tax levied on goods and services. We help you
fulfill compliance obligations of your business from the purview of VAT and Corporate Tax. Our team
analyzes requirements of UAE tax legislation and advises on required actions and procedures in order to
ensure complete compliance.
The UAE tax regulatory environment has undergone historic transformation. With the implementation of
Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (introducing a standard 9%
rate) alongside the established Value Added Tax regime under Federal Decree-Law No. 8 of 2017, tax
compliance has become a critical strategic governance matter for every UAE enterprise.
Non-compliance carries severe financial exposure: late registration penalties (AED 10,000), failure to
file returns on time, and inaccurate VAT declarations can accumulate substantial administrative surcharges.
Lotus Auditors & Accountants provides proactive, end-to-end tax advisory, EmaraTax profile
management, and filing services that safeguard your business assets while maximizing legitimate statutory
reliefs.
Our Core Taxation Capabilities
Our qualified tax practitioners analyze your operations against the latest FTA public clarifications and
executive decisions to deliver complete peace of mind:
1. VAT Consultancy & Advisory
In-depth guidance on UAE VAT legislation: classifying taxable supplies (5%), zero-rated (0%), and
exempt supplies; evaluating designated zone transactions; and structuring cross-border goods and
services.
• Supply Classification • Designated Zones • Cross-Border Supply
2. VAT Compliance & 201 Return Filings
Accurate compilation and verification of sales and purchase ledgers, calculation of net payable/refundable
VAT, and timely electronic submission of quarterly or monthly VAT 201 returns via FTA EmaraTax.
Diagnostic review of existing contracts, tax invoices, and accounting entries to detect inadvertent
errors or under-reported taxes. We handle Voluntary Disclosures (Form 211) and penalty reconsideration
applications before formal FTA audits.
• Diagnostic Audits • Form 211 Disclosures • Penalty Reconsiderations
4. UAE Corporate Tax (9%) Advisory & Filing
Comprehensive support under Federal Decree-Law No. 47 of 2022: mandatory Corporate Tax registration,
EmaraTax profile setup, taxable income adjustments, Qualifying Free Zone Person (0% rate) validation,
Small Business Relief (SBR) elections, and annual tax returns.
Federal Decree-Law No. 47 of 2022 establishes clear thresholds for UAE entities:
0% Tax Bracket: Net adjusted taxable income up to AED 375,000 is taxed at zero percent to support SME entrepreneurship.
Standard 9% Rate: Net taxable profit in excess of AED 375,000 is subject to the competitive 9% statutory Corporate Tax rate.
Small Business Relief (SBR): Eligible resident entities with gross revenue below AED 3,000,000 in any relevant tax period can elect for 0% tax treatment.
Qualifying Free Zone Person (0%): Freezone entities meeting the 5 statutory conditions can maintain a 0% rate on Qualifying Income derived from eligible activities.
Calculating adjusted taxable income, applying statutory deductions, and reviewing with leadership.
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EmaraTax Filing
Submitting formal returns via the FTA portal, tracking payment confirmations, and archiving records.
Taxation Services FAQ
Yes. All legal entities registered in the UAE, including mainland, freezone, and offshore companies,
are legally mandated to register for UAE Corporate Tax and obtain a Tax Registration Number (TRN)
before the FTA’s stipulated deadlines, regardless of whether they qualify for a 0% rate.
Cabinet Decision No. 10 of 2024 imposes an administrative penalty of AED 10,000 on taxable persons
who fail to submit their Corporate Tax registration application within the specific timelines
specified by the Federal Tax Authority.
VAT registration is mandatory when taxable supplies and imports exceed AED 375,000 in the previous 12
months or are anticipated to exceed that threshold within the next 30 days. Voluntary registration is
permitted once supplies exceed AED 187,500.
Protect Your Business with 100% Tax Fidelity
Book a confidential consultation with our registered tax agents. We handle registration, return filing,
health checks, and voluntary disclosures before the Federal Tax Authority.
