Corporate Tax Registration Services in UAE
If you’re a business owner in the United Arab Emirates (UAE), then you’ll need to be aware of the tax laws in the country. Corporate tax registration is a necessary step for all companies operating in the UAE.
Corporate tax is payable on the profits earned by a business during a financial year. This includes all income generated from the company’s activities, including sales revenue, rental income, and investment income. Deductions may be allowed for certain expenses, such as salaries and wages, rental costs, and depreciation.
Businesses operating in UAE are required to file annual tax returns and pay any tax due within 4 months of the end of the financial year. Failure to register for corporate tax or comply with the tax laws can result in penalties and legal issues.
We can help businesses navigate complex tax regulations and reduce their tax bills because of our specialised knowledge and experience in tax law and regulations. We may provide priceless tax planning, compliance, and strategy advice to help firms meet their financial goals.
- Corporate tax registration is required for all businesses.
- Accounting and bookkeeping are required for all businesses to comply with the new requirements and to demonstrate that they are tax exempt, if applicable.
- All businesses, including those eligible for tax exemption, must file a tax return.
- The new tax law applies to all businesses, including those registered in free zones.
- Social media influencers and freelancers may be subject to taxation.
What is the process of corporate tax registration in UAE?
Registering a business requires submitting a range of documents to the relevant authorities. The documents required may vary depending on the type of business you are registering, the type of visa you are applying for, and your nationality. Understanding the requirements can save you time and money in the long run, preventing delays and rejections in the registration process.
Step 1: Register for an account on the Emaratax portal using your email address and phone number, or sign in using your ID and password already in place.
Step 2: Create your taxable person or choose the appropriate taxable person from the list of taxable persons.
Step 3: The option to register for corporate tax will be available. Please choose this choice to finish the registration process.
Registration and deregistration
It will be necessary for all Taxable Persons to register for Corporate Tax and get a Corporate Tax Registration Number, including Free Zone Persons. Some Exempt Persons may also be asked by the Federal Tax Authority to register for Corporate Tax.
You have 20 business days from the date you no longer meet the requirements to be a Tax Group—that is, you are no longer an organisation based on economic, financial, and governmental practices—to submit an application to deregister the Tax Group.
The last Tax Period for which the Tax Group was registered with the FTA is represented by a final tax return. The final tax period concludes on the FTA-preapproved de-registration effective date. Failure to submit an application for deregistration with the FTA and/or file a final tax return as settlement of payable tax by the deadline would result in a penalty and could cause the deregistration procedure to be delayed.
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