Reliable Corporate Tax Registration in UAE

Q: How to Register for Corporate Tax in the 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.

Stay Compliant and Focused on Your Business - Let Us Handle Your Corporate Tax Matters!

Is your business required to register for corporate tax in the UAE? Don’t take any chances with your Compliance obligations. Let the experts at Now Consultant handle the process for you. Our team of highly skilled Financial Consultants has a wealth of knowledge and experience in navigating the UAE tax landscape. We will ensure that your registration is completed accurately, efficiently, and in a timely manner.

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. Here, we will explore the ins and outs of corporate tax registration in UAE.

Why It Is Important To Register?

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.

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:

1. Trade License And Other Business Permits

2. Memorandum and Articles of Association

3. Financial Statements

4. Tax Residency Certificate

6. ID and Passport Copies

7. Other Supporting Documents

By ensuring that they have all the Necessary Documents for UAE corporate tax registration, businesses can complete the process smoothly and avoid any delays or penalties. It’s crucial to seek professional advice to ensure that all the documents provided are accurate and up-to-date.

Relief For Small Businesses:

Additionally, as for the post regarding relief in corporate tax for small businesses, 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.

Deadlines & Penalties:

Timeframe for Registration:

Businesses in the UAE are required to register for corporate tax as registration start for certain categories of companies. It’s crucial to note that registration is a continuous process, and businesses must update their information promptly and accurately.

Late Registration Penalties:

Late corporate tax registration in Dubai can result in significant penalties. The penalties start at AED 1,000 and can go up to AED 50,000 or more, depending on the duration of the delay. Additionally, late registration can result in the suspension of the business’s tax registration certificate, which can have a negative impact on its operations.

Consequences of Non-Registration:

Non-registration for corporate tax in the UAE can result in severe consequences for businesses. This includes the imposition of hefty fines and penalties, suspension of the tax registration certificate, and legal action taken against the business. Non-registration can also lead to reputational damage and loss of business opportunities.

Our Process Of Corporate TAX Registration in Dubai

Step 1

Initial Consultation

Our team will conduct an initial consultation with the client to understand their business activities, legal structure, and tax obligations.

Step 2

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, to ensure that they are accurate and up-to-date.

Step 3

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.

Step 4

Follow-up with the FTA

Our team will follow up with the FTA to ensure that the registration process is completed smoothly and any issues or queries are resolved promptly.

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.

Frequently Asked Questions

Is UAE Corporate Tax Free?

Yes, the UAE is generally considered a tax-free jurisdiction. However the UAE has impose a Corporate tax on business operating in UAE which will effective from 1^st June 2023.

What is Corporate Tax in the UAE?

A Corporate Tax Audit in the UAE requires examining a company’s financial records to confirm tax compliance. It ensures that taxes are paid accurately and on schedule as per FTA rules, and all companies must undergo this audit. On January 31, 2022, the UAE announced a new federal corporate tax system starting from June 1, 2023, with a low 9% tax rate.

How to Register for Corporate Tax in the 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.