Maintain your tax compliance through Filings.ae platform at an affordable price. Get support from Experienced Accountants for bookkeeping, financial statement preparation, VAT and Corporate Tax filing.
Maintain your tax compliance through Filings.ae platform at an affordable price. Get support from Experienced Accountants for bookkeeping, financial statement preparation, VAT and Corporate Tax filing.
Maintain your tax compliance through Filings.ae platform at an affordable price. Get support from Experienced Accountants for bookkeeping, financial statement preparation, VAT and Corporate Tax filing.
Corporate Tax is a direct tax levied on corporations' and businesses' net income or profit. In the UAE, adhering to Corporate Tax regulations involves two critical steps: Corporate tax registration and Corporate tax filing. Tax registration is the initial process where businesses register with the Federal Tax Authority to obtain a tax registration number, marking their entry into the UAE's tax system. Following this, tax filing is the periodic submission of detailed financial statements, calculating the tax owed based on the company's income and expenses.
At Filings.ae, we specialize in simplifying this intricate process, offering comprehensive services that cover every aspect of Corporate Tax registration and filing. Our expert team ensures that your business complies with all regulatory requirements efficiently and accurately.
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Corporate Tax, often called Corporate Income Tax or Business Profits Tax, is a form of direct tax levied on the net earnings of corporations and various business entities.
Corporate Tax Registration is the process through which businesses in the UAE formally acknowledge their obligation to pay Corporate Tax. As per the Federal Tax Authority (FTA)'s regulations, every taxable entity, including Free Zone Persons, must register for Corporate Tax and obtain a Corporate Tax Registration Number.
Once a business has successfully obtained its Corporate Tax Registration number in the UAE, the next critical step is filing Corporate Tax returns.
In UAE, filing corporate tax returns is a legal requirement. The FTA mandates that all companies in the UAE, both local and international, must file tax returns and settle their tax dues on taxable income, as stipulated by UAE tax regulations.
Regardless of a company's income or operational status, all taxpayers in the UAE are obliged to file a corporate tax return. Non-compliance with these tax filing requirements can lead to penalties and fines.
In the United Arab Emirates, corporate tax return filing refers to providing a detailed report of a company's income and expenses to the appropriate tax authority. This report, the Corporate Tax Return, is submitted by the company or the Taxable Person for a designated period to disclose information about their corporate tax obligations and payments.
According to the UAE Corporate Tax Law, this return must be filed within a specified timeframe. Furthermore, if the tax authority requires any extra documentation, information, or records, the company must supply these to the authority.
The entities required to file Corporate Tax returns include:
Certain entities, such as those involved in extractive industries or other specified sectors, might be exempt from Corporate Tax. However, they are generally still required to file returns or notify the tax authorities of their status.
Yes, entities located in Freezones are subject to corporate tax in the UAE and are required to file Corporate Tax returns. This applies regardless of whether they are categorized as Qualifying Free Zone persons.
Businesses in the UAE are required to file their corporate tax returns once for each tax period. Businesses have a nine-month window from the end of their tax period to file their corporate tax return and pay the due amount to the Federal Tax Authority (FTA).
For instance, if a company's tax period begins on June 1, 2024, the filing deadline would be February 28, 2026. Conversely, if the tax period starts on January 1, 2025, the deadline would be September 30, 2026.
Essential documents for corporate tax return filing include:
Corporate tax returns in the UAE can be filed online through the EmaraTax portal. The FTA is currently allowing pre-registration of corporate tax for certain entities. To file Corporate Tax Returns in the UAE, the following steps should be followed:
Navigating the intricacies of Corporate Tax in the UAE can be a complex and time-consuming task for businesses. Recognizing this challenge, Filings.ae offers specialized and comprehensive assistance in corporate tax registration and filing in the UAE. Our team of experts is adept at handling every aspect of the tax filing process, from preparing detailed financial statements to ensuring accurate and timely submissions by UAE tax regulations.
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