Virtuzone, the UAE’s leading provider of company formation solutions, corporate services, and tax consultancy, has announced a major investment in helping SMEs comply with the country’s new corporate tax rules.

The company is pledging AED 50 million to provide 10,000 companies with Tax Ready Packages!

To help YOU get Tax Ready, Virtuzone is giving away their Tax Ready package worth AED 5,000. They will also facilitate free accounting services for three months, and a pioneering compliance guarantee to 10,000 businesses and entrepreneurs.

Get tax ready here!

The Tax Ready package includes:

• Free tax registration
• Free 3 months’ accounting services
• Zero Penalty Compliance Guarantee – We guarantee that you will not receive any penalties for compliance with corporate tax deadlines. We will pay any penalties that a client might receive in accordance with the compliance guarantee terms and conditions.

The investment is timely, as more than 50% of UAE-based companies are still not ready to comply with the new corporate tax rules

Virtuzone Group CEO George Hojeige said the investment is a way to support SMEs, which contribute to more than 63% to the UAE’s non-oil GDP and account for 94% of the companies operating in the country.

By supporting SMEs, we are also supporting the national economy.

-George Hojeige

Under the new rules, all businesses in the UAE are required to register for corporate tax, manage their books, keep proper accounting records, and file a corporate tax submission with the Federal Tax Authority (FTA).

Virtuzone’s initiative is the first of its kind in the UAE and is designed to help SMEs make the transition to corporate tax as smooth as possible.

The important bits

Learn more and get tax ready here!