Corporate Tax Registration
Corporate TaxRegistration
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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
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.
- Entity details
- Identification details
- Authorized signatory
- Contact details
- Review and declaration
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.
How And When To Register For Corporate Tax
In UAE?
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
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.
| Date of License Issuance irrespective of year of issuance | Deadline for submitting Tax Registration Application |
|---|---|
| 1 January – 31 January | 31 May 2024 |
| 1 February – 28/29 February | 31 May 2024 |
| 1 March – 31 March | 30 June 2024 |
| 1 April – 30 April | 30 June 2024 |
| 1 May – 31 May | 31 July 2024 |
| 1 June – 30 June | 31 August 2024 |
| 1 July – 31 July | 30 September 2024 |
| 1 August – 31 August | 31 October 2024 |
| 1 September – 30 September | 31 October 2024 |
| 1 October – 31 October | 30 November 2024 |
| 1 November – 30 November | 30 November 2024 |
| 1 December – 31 December | 31 December 2024 |
| If the person did not have a license at the effective date of this decision | 3 months after the effectiveness of the decision implemented |
Deadlines Of Corporate
Tax
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.
- The UAE corporate tax regime allows taxpayers up to 21 months from the start of their financial year to prepare for making their tax payments and filing.
- For example, those corporations with a financial year starting on June 1, 2023, and ending on May 31, 2024, have a deadline of February 28, 2025, to file their corporate tax returns and make their payments.
- For those businesses whose first tax period begins on January 1, 2024, and ends on December 31, 2024, the payment and return must be filed between January 1 and September 30, 2025.
Deadlines Of Corporate Tax
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 January | 31 May 2024 |
| 1 February – 28/29 February | 31 May 2024 |
| 1 March – 31 March | 30 June 2024 |
| 1 April – 30 April | 30 June 2024 |
| 1 May – 31 May | 31 July 2024 |
| 1 June – 30 June | 31 August 2024 |
| 1 July – 31 July | 30 September 2024 |
| 1 August – 31 August | 31 October 2024 |
| 1 September – 30 September | 31 October 2024 |
| 1 October – 31 October | 30 November 2024 |
| 1 November – 30 November | 30 November 2024 |
| 1 December – 31 December | 31 December 2024 |
| If the person did not have a license at the effective date of this decision | 3 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.
Feel free to contact us and have a detailed discussion about corporate tax and its registration process without tax experts.
