Register for Corporate Tax before September 30th, 2024, to avoid penalties starting from AED 10,000!
Register for Corporate Tax before September 30th, 2024, to avoid penalties starting from AED 10,000!
First Deadline: 31 May 2024
Act now to avoid hefty fines! The UAE’s Federal Tax Authority (FTA) mandates on-time corporate tax registration in UAE with strict deadlines. Don’t let your business face unnecessary penalties. Register today to stay compliant and penalty-free.
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 UAE.
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!
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 team will conduct an initial consultation with the client to understand their business activities, legal structure, and tax obligations.
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.
We will assist the client in completing the tax registration application and submitting it to the Federal Tax Authority (FTA) on their behalf.
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
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.
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.
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.
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
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.
Here are some deadlines and penalties related to corporate tax registration
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. Seeking professional corporate tax advisory services can provide comprehensive guidance on navigating these complexities.
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.
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.
Now Consultant provides tailored services for startups, guiding them through the corporate tax registration process.
Corporate tax registration ensures legal compliance, allowing businesses to operate within the legal framework and contribute to national development.
Late registration may incur penalties, and it’s crucial to adhere to the timelines set by regulatory authorities to avoid financial repercussions.
Yes, corporate tax rates may vary depending on factors such as the industry type and the size of the business.
Corporate tax regulations may change periodically. Now Consultant keeps clients informed about any updates, ensuring continued compliance.
While specific deadlines may vary, it is advisable to initiate the registration process as soon as the business is established.
Our expert team plays a crucial role in driving business growth in the dynamic UAE market. With a strong foundation of trust, our Tax and Accounting professionals have significantly contributed to successful tax compliance, business setup, and audits, ensuring seamless alignment with UAE regulations.
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