ebs.ae

 

Corporate Tax Registration

Corporate Tax
Registration

Signup for free Consultation

    payroll services dubai

    UAE Corporate Tax
    Registration

    UAE corporate tax is going to be effective from June 1, 2023. It is very crucial to understand UAE corporate tax registration process and the requirements for corporate tax registration. It is important also to understand the administrative requirements like deregistration, tax registration, filing of corporate tax returns, and payment.


    The UAE has started early corporate tax registration for some categories of companies operating in the country. All the chosen companies will get invitations from the Federal Tax Authority to register for digital services using the EmaraTax platform.


    Last January, according to the Federal Decree-Law No. 47, there will be corporate tax with a rate of 9% for the financial year starting on or after June 1, 2023.


    The country issued the corporate tax law, bringing the income of businesses exceeding AED 375,000 within the taxable bracket. Taxable profits below that net worth or profit will pay 0% corporate tax.

    UAE Corporate Tax Registration
    User Manual

    If the entity has already registered for the VAT, then the process of corporate tax registration is much easier. You will find that most of the data is already filled in the form and the process of registration becomes easier and faster. Corporate tax registration is open now in the FTA portal.

    Federal Tax Authority (FTA) has issued the corporate tax registration user manual. To fill out the corporate tax registration application, the following details, and information is required.
    no image

    You can download the corporate tax registration user manual and complete your registration. All businesses such as free zones, individuals, and companies would be required to register even if they have taxable income below the fixed threshold of AED 375,000. Moreover, the businesses are not required to take any action on corporate tax registration unless they get an “invitation to register” during the January-May period.

    There are no penalties relating to registration if the businesses ensure to register at least before the due date for tax return submission.

    no image

    How And When To Register For Corporate Tax
    In UAE?

    As businesses in UAE must register with the Federal Tax Authority and get a corporate tax registration number or ID.

    The UAE corporate tax registration applies to all corporations or businesses whether they are subject to 0% corporate tax or 9% corporate tax.

    The taxpayer will have to electronically register for UAE corporate tax through the website of the Federal Tax Authority.

    UAE Corporate Tax Deregistration And Tax Return Filing

    If your business is a corporation and also registered for corporate tax, then you can deregister it before it ceases to be subject to corporate tax. If you have filed corporate tax returns, then Federal Tax Authority will deregister your business. If you have settled all the corporate tax liabilities and also any due penalties, then FTA will deregister your business.

    The businesses are required to file a single consolidated tax return, rather than filing for multiple returns. Within nine months the consolidated return must be filed at the end of each relevant tax period.
    no image
    Date of License Issuance irrespective of year of issuance Deadline for submitting Tax Registration Application
    1 January – 31 January31 May 2024
    1 February – 28/29 February31 May 2024
    1 March – 31 March30 June 2024
    1 April – 30 April30 June 2024
    1 May – 31 May31 July 2024
    1 June – 30 June31 August 2024
    1 July – 31 July30 September 2024
    1 August – 31 August31 October 2024
    1 September – 30 September31 October 2024
    1 October – 31 October30 November 2024
    1 November – 30 November30 November 2024
    1 December – 31 December31 December 2024
    If the person did not have a license at the effective date of this decision3 months after the effectiveness of the decision implemented
    no image

    Deadlines Of Corporate
    Tax

    The corporate tax regime is about the self-assessment principle, all businesses have to make sure that the documents they are submitting to the FTA are accurate and also comply with the law.

    According to the recent laws and its amendments, there is a specific timeline for each person that falls in different categories to register for their corporate tax in 2024. This timeline depends on the date of License Issuance irrespective of year of issuance. The table will help you understand this timeline.

    Deadlines Of Corporate Tax

    The corporate tax regime is about the self-assessment principle, all businesses have to make sure that the documents they are submitting to the FTA are accurate and also comply with the law.

    According to the recent laws and its amendments, there is a specific timeline for each person that falls in different categories to register for their corporate tax in 2024. This timeline depends on the date of License Issuance irrespective of year of issuance. The table will help you understand this timeline.
    Date of License Issuance irrespective of year of issuance Deadline for submitting Tax Registration Application
    1 January – 31 January31 May 2024
    1 February – 28/29 February31 May 2024
    1 March – 31 March30 June 2024
    1 April – 30 April30 June 2024
    1 May – 31 May31 July 2024
    1 June – 30 June31 August 2024
    1 July – 31 July30 September 2024
    1 August – 31 August31 October 2024
    1 September – 30 September31 October 2024
    1 October – 31 October30 November 2024
    1 November – 30 November30 November 2024
    1 December – 31 December31 December 2024
    If the person did not have a license at the effective date of this decision3 months after the effectiveness of the decision implemented

    FAQ’s

    UAE has already announced corporate tax to be implemented on or after 1 June 2023. The business will become subject to UAE corporate tax according to its net profit rate. All those businesses which have AED 375,000 net profit or more are subject to paying 9% corporate tax.

    The UAE has started early corporate tax registration for some categories of companies operating in the country. All the companies will get invitations from the Federal Tax Authority to register for corporate tax. You can do registration by doing the user manual as it is open now in the FTA portal.

    The following details and information is required for your registration application in UAE:

    Identification details

    Entity details

    Authorized signatory

    Contact details

    Review and declaration

    As businesses in UAE must register with the FTA and get a corporate tax registration ID or number. The UAE corporate tax registration applies to all businesses or corporations whether they are subject to 9% corporate tax or 0% corporate tax. The taxpayer will have to register electronically through the website of the Federal Tax Authority.

    The UAE corporate tax regime allows taxpayers up to 21 months from the start of their financial year. They can prepare for making their tax filing and tax payments. Those companies with a financial year starting on June 1, 2023, have a deadline of February 28, 2025, to file their corporate tax returns and payments.

    The business owners may decide to form a company at any time. If the company is registered in UAE, then it has to register for the corporate tax no matter whether they are subject to a 0% tax rate or a 9% tax rate.

    Yes, you can file the corporate tax returns of your company. You can also appoint an accountant to prepare and file for your corporate tax. You need to register for the corporate tax electronically and then you can get the notification to file for your corporate tax.

    vat registration uae
    If you are having any problems regarding corporate tax, then our tax experts are always ready to assist you and give you the best legal advice.

    Feel free to contact us and have a detailed discussion about corporate tax and its registration process without tax experts.

    want to streamline your
    Corporate Tax Registration Process?