Corporate Tax Registration Services in UAE

company setup consultants specializes in top-notch corporate tax services and ensures a smooth corporate tax registration process in the UAE, aligning with the new UAE Corporate Tax regime. Understanding corporate tax laws and the registration steps is crucial for UAE businesses. Here’s a brief guide:

In 2022, the UAE Ministry of Finance introduced Corporate Tax, set to be fully operational by June 2023, affecting companies’ financial years. Consequently, audit firms in Dubai and tax consultants across the UAE have begun offering Corporate Tax Advisory and Implementation Services for Businesses. The UAE’s Corporate Tax system strictly adheres to global best practices and regulations outlined by the OECD (Organization for Economic Cooperation and Development) to minimize compliance risks for businesses.

Who Needs to Register for Corporate Tax in the UAE?

Corporate tax in the UAE is levied on businesses’ taxable income based on the following rates:

• Businesses with taxable income up to AED 375,000: 0% corporate tax rate.
• Businesses with taxable income over AED 375,000: 9% corporate tax rate.
• Multinational corporations subject to OECD Base Erosion and Profit-Sharing (BEPS) laws under Pillar 2 of the BEPS 2.0 framework, with combined worldwide revenues exceeding AED 3.15 billion: 15% corporate tax rate.

Who Doesn’t Need to Pay UAE Corporate Tax?

You are exempt from UAE corporate tax if you are a:

1. Government Entity
2. Government Controlled Entity
3. Person involved in Extractive Business
4. Person involved in Non-Extractive Natural Resource Business
5. Qualifying Public Benefit Entity

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What Documents are Required for Corporate Tax Registration in UAE?

To register for Corporate Tax in the UAE, you’ll require the following documents:

1. Valid passport copies of the license owner/partners (not expired).
2. Copy of the active Trade License (not expired).
3. Contact details of the responsible person (mobile number and email).
4. Company contact details, including the complete address and P.O. Box.
5. Annual Financial Audit Report.
6. Either the Memorandum of Association (MOA) or Power of Attorney (POA).
7. Valid Emirates ID copies of the license owner/partners (not expired).

Corporate Tax Registration Services in UAE

Company Setup Consultants offers top-notch corporate tax registration services in the UAE, assisting businesses in obtaining their corporate tax registration number and certificate from the Federal Tax Authority (FTA). The registration portal is now open on Emaratax, allowing all businesses in the UAE to fulfill their registration obligations. According to UAE corporate tax laws, it is mandatory for taxable businesses in the UAE to register for corporate tax and acquire a corporate tax registration number. Partnering with Company Setup ensures a smooth and compliant registration process for corporate tax in the UAE.

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Registering for UAE Corporate Tax: A Step-by-Step Guide

To register for UAE Corporate Tax, follow these simple steps:

1. Create an account on Emaratax by providing your email address and phone number, or log in using your existing credentials.
2. Create a new taxable person profile or choose an existing taxable person from the provided list.
3. Proceed to register for Corporate Tax by selecting the appropriate option and completing the registration process.

Requirements for Corporate Tax Registration in UAE

When registering for UAE Corporate Tax, businesses need to ensure they have all the necessary documents ready for submission to the Federal Tax Authority (FTA). The registration process is conducted online, and the following documents are typically required:

For Natural Persons:

• Trade license (if applicable)
• Passport and Emirates ID of the applicant

For Legal Persons:

• Trade license
• Passport and Emirates ID of the authorized signatory
• Proof of authorization for the authorized signatory

By preparing and submitting these documents accurately, businesses can complete the Corporate Tax Registration process in the UAE. It is advisable to consult with tax professionals or refer to the FTA guidelines for any specific requirements or updates related to document submission.

What is the Deadline for Corporate Tax Registration in UAE 2023?

As per the guidelines set by the Federal Tax Authority (FTA), taxable businesses have a specific timeline for corporate tax registration. The registration deadline is based on the date of the first tax return. Here are the timelines for different financial year ends:

1. For taxable businesses with a year ending on May 31st:
   • Registration period: 26 months
   • Deadline: February 28th, 2025
2. For taxable businesses with a year ending on December 31st:
   • Registration period: 33 months
   • Deadline: September 30th, 2025

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Where to Register for Corporate Tax in the UAE

1. Begin by signing up on the Emaratax portal. You can do this by registering with your email address and phone number or simply log in if you already have an existing account.
2. Once logged in, you’ll find the option to register for Corporate Tax.

What is the cost of corporate tax registration in UAE?

Registering for Corporate Tax with the FTA (Federal Tax Authority) is free of charge. However, the professional fee for this registration depends on the legal structure of your business. Typically, it ranges from AED 1,500 to AED 3,500, with an additional 5% VAT.

Top Corporate Tax Consultants in Dubai

Starting from June 1, 2023, UAE companies are obligated to comply with corporate tax regulations. To ensure a smooth transition and adherence to administrative requirements such as tax registration, deregistration, filing returns, and tax payment, it is essential to seek expert guidance. company setup Consultants is renowned for providing the best corporate tax services in the UAE.

With the assistance of a corporate tax consultant in Dubai, company owners can gain a comprehensive understanding of compliance obligations, minimizing the risk of hefty tax penalties. For hassle-free corporate tax registration services in the UAE, reach out to us today.

Simplify the corporate tax process and ensure compliance by relying on the expertise of leading corporate tax consultants in Dubai. Contact us for professional assistance and peace of mind.