Accounting firm Jaxa assists United Arab Emirates corporations in preparing for their upcoming tax filing deadline.
The United Arab Emirates (UAE) has recently introduced corporate tax, marking a significant shift in its financial landscape. This change has prompted businesses across the country to reevaluate their tax strategies and ensure compliance with the new regulations.
In response to this change, Jaxa Chartered Accountants, a leading auditing and tax advisory firm based in Dubai, is offering comprehensive support to businesses preparing for the corporate tax return filing deadline of 30 September 2025.
With over 18 years of experience supporting companies across the UAE, Jaxa Chartered Accountants is well-equipped to help businesses navigate the complexities of the UAE's corporate tax landscape. Their suite of services includes auditing, tax advisory, and specific consulting services for the introduction of corporate tax law.
Jiby Joseph, founding partner at Jaxa Chartered Accountants, emphasises the importance of ensuring businesses remain compliant while structuring their tax strategies to remain competitive in the market. He states, "Our aim is to guide businesses through the corporate tax return process, ensuring they are compliant with the UAE Federal Tax Authority's (FTA) requirements while also maintaining a competitive edge."
It is crucial for businesses to be aware of the penalties for late or incorrect submissions of corporate tax returns. The UAE FTA requires companies to file their corporate tax returns in alignment with the recently implemented tax regime. Late or incorrect submissions may result in penalties, making it essential for businesses to seek professional guidance to avoid any potential issues.
KPMG, a company led by Jiby Joseph in Dubai, is also offering specific consulting services to help companies prepare for the tax return deadline. Their expertise in the field makes them a valuable resource for businesses seeking to navigate the complexities of the UAE's corporate tax landscape.
In conclusion, the introduction of corporate tax in the UAE has created a need for businesses to seek professional guidance to ensure compliance and competitiveness. Jaxa Chartered Accountants, with their extensive experience and comprehensive suite of services, are well-positioned to help businesses navigate this new financial landscape.
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