Corporate Tax Registration
Guide to UAE Corporate Tax Filing & Corporate Tax Registration
The “Federal Decree Law No. The latest legislation on corporate tax in the UAE is known as “Businesses and Corporation Taxation” and was enacted in 2022, 47/2022. Businesses must register, submit, and pay corporation tax returns after the UAE Corporate Tax Law becomes effective to prevent fines for noncompliance. To ensure compliance with the rules and requirements of the Federal Tax Authority, it is crucial to use the services of reliable tax experts in the UAE.
How and When to File Corporate Tax in the United Arab Emirates?
All companies that are liable for corporate tax in the United Arab Emirates are required by Federal Decree Law No. 47/2022 to register with the Federal Tax Authority and get a corporation tax registration ID or number from the appropriate authority. This holds for all companies, whether they are subject to a corporation tax of 0% or 9%. To efficiently complete tax registration, corporations can use the services of reputable corporate tax advisers in the UAE.
Who Is Capable of Early Registration for UAE Corporate Tax?
According to the FTA, businesses that will begin their fiscal year in January 2023 must register for the UAE corporation tax right away. These businesses will receive an invitation from the FTA through email and SMS to sign up for UAE corporate tax using the EmaraTax platform.
What is the Early Corporate Tax Registration Deadline?
The particular businesses that were invited to the FTA can conduct the early registration between January 2023 and May 2023. Companies can get assistance from tax agents in Dubai with corporation tax pre-registration.
When are other businesses eligible to register for UAE corporate tax?
The FTA will announce a date on which other enterprises and companies can do corporate tax registration in the UAE following the pre-registration period. Companies and businesses having a fiscal year beginning on June 1st 2023 will be given precedence once the FTA announces the registration date. According to the FTA, it will provide organisations and enterprises enough time to submit registration applications and fulfil their legal requirements.
It will apply to businesses, including free zone businesses, that are subject to the UAE corporation tax. Even if a company’s annual taxable income is less than AED 375,000, it must still register. To take advantage of the exemption, eligible businesses must also register for the UAE corporation tax. You can get assistance with the registration process from corporate tax advisors in Dubai.
Should Businesses Register for UAE Corporate Tax and VAT?
The VAT registration process is distinct from and separate from the corporation tax registration process in the UAE. As a result, if a company is subject to UAE corporate tax and is registered for VAT, the company should also register for VAT in the UAE.
Utilise the Best Consultants in Dubai for Corporate Tax registration
Companies who were requested to register early should do so under the FTA’s rules for filing corporate tax in the UAE. With the aid of corporate tax advisors in Dubai like Beyond Numbers, other businesses can become ready for registration. The Federal Tax Authority (FTA) of the UAE is represented by our corporate tax consulting services in Dubai. These services include CT Assessment & Advisory Services (on a one-time or retainer basis), CT Compliance Services, and CT Agent Services if FTA issues any notices. By using our corporate tax services in Dubai, United Arab Emirates, you may ensure corporate tax compliance and avoid applicable penalties. For dependable tax solutions, speak with one of our advisors.