Who We Serve · United Arab Emirates
MHBC Finance runs the monthly finance function and keeps VAT, Corporate Tax, transfer pricing and audit obligations in order for established UAE companies operating at scale.
The situation
An established UAE company carries a continuous compliance load: monthly bookkeeping and management reporting, VAT returns filed each tax period at the 5% standard rate, and an annual Corporate Tax return due within nine months of the financial year end.
Once revenue exceeds AED 50 million in a tax period, or the business is a Qualifying Free Zone Person, audited financial statements become mandatory, and related-party dealings must meet the arm's length principle — with transfer pricing documentation required where standalone revenue reaches AED 200 million.
Where MHBC helps
What MHBC coordinates.
One team keeps the monthly cycle running, and lines the annual obligations — audit, Corporate Tax, transfer pricing — up behind it.
Bookkeeping and monthly management reporting
MHBC maintains the accounting records and delivers reconciled monthly management accounts, giving leadership current figures throughout the year.
VAT compliance
MHBC prepares and files VAT returns for each FTA tax period at the 5% standard rate and reconciles input and output tax across the business.
Corporate Tax compliance
MHBC prepares the annual Corporate Tax computation and return — 9% on taxable income above AED 375,000 — and files it within nine months of the financial year end.
Audit readiness and coordination
MHBC prepares the accounts and supporting schedules and coordinates a Ministry of Economy-licensed auditor to issue the audited financial statements mandatory above AED 50 million in revenue or for a Qualifying Free Zone Person, while the audit itself is performed by that licensed auditor.
Transfer pricing and multi-entity coordination
MHBC coordinates registered tax consultants on arm's length reviews, the transfer pricing disclosure and Local and Master Files where revenue reaches AED 200 million, and keeps books and filings consistent across each entity and free-zone licence.
“Groups running more than one entity or free-zone licence must keep each set of books, filings and renewals aligned to the same calendar.”
How it runs
Some of this is set up once. The rest repeats every month, every tax period and every year the business trades.
One-time
Setting the chart of accounts and accounting policies, migrating and cleaning historical records, registering the business for VAT and Corporate Tax with the FTA, mapping related-party transactions, and structuring management reporting across each entity and free-zone licence.
Recurring
Monthly bookkeeping and management accounts, VAT returns each tax period, the annual Corporate Tax return within nine months of the financial year end, annual audited financial statements where required, the transfer pricing disclosure with the return, and free-zone licence renewals — tracked on one compliance calendar.
“An established business rarely fails compliance because a rule was unknown. It fails because one date in a long calendar was nobody's job.”
Frequently asked
- When does my company have to prepare audited financial statements for Corporate Tax?
- Audited financial statements are mandatory where a taxable person's revenue exceeds AED 50 million in the relevant tax period, and for every Qualifying Free Zone Person regardless of revenue. MHBC prepares the accounts and coordinates a Ministry of Economy-licensed auditor, who carries out the audit.
- When is the Corporate Tax return due, and what is the rate?
- Corporate Tax is charged at 0% on taxable income up to AED 375,000 and 9% above that, for financial years beginning on or after 1 June 2023. The return must be filed, and any tax paid, within nine months of the end of the relevant tax period.
- Does my business need transfer pricing documentation?
- Related-party and connected-person transactions must meet the arm's length principle, and a transfer pricing disclosure accompanies the Corporate Tax return. A Local File and Master File are required where standalone revenue reaches AED 200 million, or where the business is part of a multinational group with consolidated revenue of AED 3.15 billion or more.
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