The introduction of a federal corporate tax in the UAE has generated excitement among businesses and tax professionals. This development positions the UAE as the 4th GCC country to implement such a tax.
Starting from June 1, 2023, the UAE authorities have officially announced the implementation of corporate tax. As per the new law, businesses or taxable entities will be subject to a 9% corporate tax, effective from the beginning of their first financial year after June 1, 2023. This significant development marks a notable change in the taxation landscape of the UAE.
Accely’s Accelerated Corporate Tax Solution offers a comprehensive suite of features and functionalities to address the complexities and challenges faced by modern businesses in managing their tax requirements. From tax calculation and compliance to reporting and analysis, this solution provides a holistic approach to corporate tax management, ensuring seamless integration with existing systems and workflows.
Holistic tax compliance
Comprehensive solution for managing all aspects of tax compliance.
Minimize errors and ensure accuracy through automated tax calculations.
Gain immediate visibility into tax positions and liabilities for informed decision-making.
Generate accurate and compliant tax reports effortlessly.
Centralized data management
Store and manage tax-related data in a centralized system for easy access.
Scalable and adaptable
Designed to scale with business growth and adapt to changing tax requirements.
Faster Tax Processes: Accely’s solution automates tax calculations, data entry, and reporting, reducing the time required for tax compliance. This enables businesses to file tax returns and complete tax-related tasks more efficiently, leading to faster processing and submission of tax documents.
Improved Cash Flow: By streamlining workflows and automating approval mechanisms, Accely’s solution expedites the approval process for tax-related activities. This ensures faster receipt of tax refunds or credits, enhancing cash flow and providing businesses with additional working capital.
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