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Banking & Financial Sector Tax Services in UAE

Tax Compliance for the UAE’s Financial Institutions – Precision, Accuracy, Trust

In today’s regulatory environment, tax preparation & filing in UAE for banking and financial institutions is more than just a compliance task—it’s a strategic necessity. The UAE’s corporate tax and VAT frameworks require banks, investment firms, insurance providers, fintechs, and leasing entities to align with strict FTA guidelines.

AEY Accounting LLC delivers dedicated banking & financial accounting services tailored for regulatory accuracy, data confidentiality, and timely reporting. Whether you operate from a DIFC branch in Dubai, a financial group in Abu Dhabi, or a brokerage in Sharjah, our sector-specific tax specialists ensure seamless compliance and financial clarity.

Regulatory Context – UAE Tax Framework for Financial Institutions

Key UAE Tax Requirements for Financial Firms
Tax Type Application in Financial Sector
Corporate Tax (9%) Applies to all UAE-based taxable income above AED 375,000
VAT (5%) Applies to fees, commissions, interest spreads (in part)
Withholding Tax Not applicable in UAE, but cross-border tax rules may apply
Transfer Pricing Mandatory for entities with related-party transactions
ESR (Economic Substance) Mandatory for leasing, banking, holding companies

Is Your Financial Institution Fully Tax Compliant?

Given the sector’s complexity, many institutions risk non-compliance in:

  • Cross-border income reporting
  • Input VAT recoverability on partially exempt supplies
  • Proper filing of VAT returns and corporate tax returns
  • Related party and intra-group transaction documentation
  • Compliance with banking accounting tax rules specific to regulated entities

At AEY, we specialize in financial sector tax service solutions tailored to each vertical—from conventional banking to wealth advisory and fintech.

AEY’s Banking & Financial Sector Tax Services

Our end-to-end solutions ensure that your organization adheres to all tax obligations without disrupting operational priorities.

 Corporate Tax Filing & Planning
  • Calculation of net taxable income
  • Assistance with corporate tax registration on EmaraTax portal
  • Advisory on allowable deductions, provisions, and deferred tax
  • DIFC and ADGM corporate tax structuring for banking institutions
 VAT Compliance & Filing
  • Banking & Financial Sector VAT tax compliance (exempt vs taxable services)
  • Partial input VAT recovery methodology
  • Preparation and submission of Form 201
  • Guidance on exempt financial services (interest, Islamic finance)
Transfer Pricing & ESR Advisory
  • Local file and master file preparation
  • Functional analysis of intra-group transactions
  • Economic Substance Regulation (ESR) filing and documentation
  • Support for offshore branches and UAE holding entities

Industry Segments We Serve

Financial Vertical Tailored Services Provided
Commercial Banks IFRS alignment, CT filing, VAT exemption mapping
Investment Firms CT on fee-based income, compliance for DIFC/ADGM entities
Insurance Providers Sector-specific VAT rules, claim reconciliations
Leasing & Factoring Companies Partial VAT, ESR reporting, risk assessments
Fintech Startups Tax advisory for digital services, VAT setup, CT planning

Sample Tax Compliance Dashboard for Financial Institutions

Compliance Metric Current Status AEY Recommendation
Corporate Tax Registration Pending Immediate registration via EmaraTax
VAT Filing Accuracy 92% Adjust input VAT apportionment rules
Transfer Pricing Policy Not Documented Draft and submit local TP documentation
ESR Notification Filing Overdue Submit annual ESR declaration with support
Bank Ledger to Return Reconciled Partial Implement Tally Prime for integrated view

Pricing – Tax Services for Banking & Financial Sector

Service Details Starting From (AED)
Corporate Tax Registration & Filing CT registration + annual return + sector analysis 4,500
VAT Compliance & Filing Monthly/Quarterly Form 201, exemption handling 2,500 / quarter
Transfer Pricing Report Local file + related-party mapping + TP benchmarking 6,000+
Annual Tax Compliance Bundle VAT + CT + ESR + system integration

Why AEY Accounting for Banking & Financial Sector Tax?

Our Strength Your Advantage
UAE Financial Sector Specialists Experience across DIFC, ADGM, CBUAE-licensed firms
Integrated Tax & Accounting Support From ledgers to filings, handled in-house
Software Expertise Support for FTA-approved accounting software
Compliance with Global Standards IFRS, BEPS, ESR, TP, and FTA audit protocols
Confidentiality Guaranteed NDAs, secure data handling, financial data encryption

Serving UAE’s Financial Districts

Our team is experienced with tax support for institutions located in:

  • Dubai: DIFC, Business Bay, Dubai Silicon Oasis
  • Abu Dhabi: ADGM, Reem Island, Al Maryah Island
  • Sharjah: Financial consultancies, insurance agencies, SME lenders

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Popular Questions

Your Trusted Partner for Business Support & Solutions.

Only select services are taxable. Many core banking activities (e.g., interest income) are exempt, but fee-based services may be VAT-applicable.

Yes, if your UAE entity earns taxable income above AED 375,000, you must register and file annually—even if regulated under DIFC or ADGM.

The biggest challenge is partial VAT recoverability—you can’t claim 100% of your input VAT if you offer exempt services. AEY helps calculate the correct input ratio.

The UAE’s standard corporate tax rate is 9% on taxable profits, but certain qualifying free zone entities may retain 0% if conditions are met.

Yes. We offer full FTA audit support, documentation reviews, system audits, and compliance defense.

A E Y accounting is offering effective accounting services in Dubai.

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