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Register For Coporate Tax In UAE!
First Deadline: 31 May 2024
Act now to avoid hefty fines! The UAE’s Federal Tax Authority (FTA) mandates on-time corporate tax registration with strict deadlines. Don’t let your business face unnecessary penalties. Register today to stay compliant and penalty-free.
10,000 Dirham Fine For Late Registration
Your Corporate Tax Journey Made Simple with Now Consultant!
As businesses thrive and expand in the UAE, the government has implemented corporate tax regulations to ensure that they contribute to the nation’s growth and development. Corporate tax is levied on the income earned by companies, and the rates vary depending on the industry and size of the business
However, you don’t have to worry anymore. We are your trusted partner in simplifying the complexities of corporate tax registration in Dubai.
Whether you’re a thriving enterprise or a budding startup, understanding and complying with corporate tax regulations is a crucial aspect of your business journey and we know what to do with in these circumstances. Partner with our team and let us do the magic!
Why Corporate Tax Registration Matters?
UAE Corporate Tax Registration is essential for businesses operating in the UAE as it ensures compliance with the country’s Tax Regulations. Failure to register for corporate tax can lead to Hefty Penalties and Consequences, which can negatively impact a company’s finances and reputation. By registering for corporate tax, businesses can also enjoy the benefits of the UAE’s Favorable Tax Policies, such as the absence of personal income tax and Low VAT Rates.
Our 4-Step Process of Corporate Tax Registration
Initial Consultation
Our team will conduct an initial consultation with the client to understand their business activities, legal structure, and tax obligations.
Documentation Review
We will review the client's documentation, including their trade license, memorandum and articles of association, financial statements, tax residency certificate, and other supporting documents.
Tax Registration Application
We will assist the client in completing the tax registration application and submitting it to the Federal Tax Authority (FTA) on their behalf.
Follow-up with the FTA
Our team will follow up with the FTA to ensure that the registration process is completed smoothly and that any issues or queries are resolved promptly
What Sets Us Apart?
Tailored Solutions
We don't believe in one-size-fits-all. Our approach is personalized to meet the unique needs of your business, ensuring comprehensive corporate tax registration in Dubai.
Transparency
Guess what makes us special? We don’t do hidden surprises. We believe in clear communication and transparency throughout the registration process, keeping you informed at every step.
Proactive Guidance
We make sure that our clients stay ahead of the curve with our proactive guidance on corporate tax matters. We keep our clients updated on regulatory changes, empowering them to make informed decisions.
Documents Required To Register For Corporate Tax
Businesses operating in the UAE are required to submit several documents to complete their corporate tax registration. The documents required may vary depending on the Nature of The Business and its Legal Structure, but typically include
Trade License And Other Business Permits
Memorandum and Articles of Association
Financial Statements
Tax Residency Certificate
ID and Passport Copies
Other Supporting Documents
Features and Benefits of Our Service
Features
Benefits
Tailored Solutions
Personalized approaches to meet unique business requirements.
Expert Guidance
Seasoned experts navigating the complexities of tax regulations.
Proactive Compliance
Staying ahead with timely updates and adherence to regulations.
Transparent Processes
Clear communication, ensuring clients are informed at every step.
Strategic Planning Support
Assistance in aligning corporate tax strategies with growth goals.
Industry-Specific Insights
Customized advice considering industry nuances and business size.
Comprehensive Registration Support
End-to-end support throughout the corporate tax registration process.
Continuous Regulatory Monitoring
Keeping clients informed on changes for proactive decision-making.
Clear Communication
Transparent and open communication channels for client understanding.
Efficiency and Accuracy
Streamlined processes ensuring accuracy in corporate tax registration.
What Are The Penalties In UAE Corporate Tax Law?
Here are some deadlines and penalties related to corporate tax registration
1. Late Registration Penalty: AED 10,000
2. Late VAT Payment Penalties: 2-4% Daily
3. Maximum Monthly Penalty: 300%
4. Failure to Pay on Time: Up to 4% Monthly
5. Non-Arabic Record Fine: AED 20,000
6. Tax Invoice Absence: AED 5,000
7. VAT Records Accuracy: AED 50,000
8. Repeat Offense Fines: AED 50,000+
Who Is Exempted from Corporate Tax?
Certain businesses may be exempt from Corporate Tax Registration in UAE, including
1. Government Entity.
2. A Government Controlled Entity.
3. A Person engaged in an Extractive Business, that meets the conditions of Article 7 of this Decree-Law.
4. A Person engaged in a Non-Extractive Natural Resource Business, that meets the conditions of Article 8 of this Decree-Law.
5.Qualifying Public Benefit Entity under Article 9 of this Decree-Law.
6.A Qualifying Investment Fund under Article 10 of this Decree-Law. And others
However, it is important to note that even if a business is exempt from UAE Corporate Tax Registration, it may still be subject to other taxes and fees, such as Value Added Tax or customs duties.
See What Makes Our Clients Happy?
Frequently Asked Questions
Is there any relief for small businesses regarding corporate tax registration in Dubai?
The UAE government announced several measures to support small and medium-sized enterprises (SMEs) including a reduction in corporate tax rates from 9% to 0% for eligible SMEs. SMEs should consult with their financial advisors to determine their eligibility for this relief and ensure that they are meeting the requirements for claiming it.
How to register for corporate tax in UAE?
Step 1: Begin by creating an account on https://tax.gov.ae/en/emaratax.aspx. You can do this by registering with your email address and phone number or simply logging in if you already have an account.
Step 2: After logging in, you will come to the option to register for Corporate Tax.
Step 3: Fulfill the requirements and documents required according to the guidelines.
Can Now Consultant assist with corporate tax registration for startups?
Now Consultant provides tailored services for startups, guiding them through the corporate tax registration process.
How does corporate tax registration impact my business operations?
Corporate tax registration ensures legal compliance, allowing businesses to operate within the legal framework and contribute to national development.
What are the potential penalties for late corporate tax registration?
Late registration may incur penalties, and it’s crucial to adhere to the timelines set by regulatory authorities to avoid financial repercussions.
Can corporate tax rates vary based on the industry or business size?
Yes, corporate tax rates may vary depending on factors such as the industry type and the size of the business.
How often does corporate tax regulation change in Dubai?
Corporate tax regulations may change periodically. Now Consultant keeps clients informed about any updates, ensuring continued compliance.
Are there any specific deadlines for corporate tax registration in Dubai?
While specific deadlines may vary, it is advisable to initiate the registration process as soon as the business is established.
