Registering for Corporate Tax and obtaining a unique Registration Number is a mandatory requirement for all taxable entities, including Free Zone businesses in the UAE. Register for corporate tax and maintain compliance through Filings.ae.
Registering for Corporate Tax and obtaining a unique Registration Number is a mandatory requirement for all taxable entities, including Free Zone businesses in the UAE. Register for corporate tax and maintain compliance through Filings.ae.
Corporate tax, a vital aspect of business finance, is the tax levied on companies' profits. Corporate Tax in the UAE, as mandated by the Federal Decree Law 47, is a significant fiscal responsibility for businesses. The Federal Tax Authority (FTA) regime necessitates every taxable entity, including Free Zone Persons, to register for Corporate Tax and obtain a Registration Number. The law further stipulates that even exempted persons must register for corporate tax.
At Filings.ae, we specialize in guiding businesses through this mandatory registration. Our expert team provides invaluable assistance in understanding these requirements and facilitating the Corporate Tax Registration process.
Contact Filings.ae today to get your Corporate Tax Registration number quickly!
Corporate tax, often known as corporate income tax or business profits tax, is a type of direct tax imposed on the net earnings of corporations and various other business entities.
The UAE Corporate Tax applies to various entities, including resident persons, free zone entities, and non-residents engaged in business within the UAE.
This also encompasses non-resident entities that have a permanent establishment in the country.
Exemptions from UAE Corporate Tax
Classification of Taxable Person for Corporate Tax Purposes
The Corporate Tax rates in the UAE are as follows:
As per the FTA's Federal Decree Law 47, The corporate tax regime demands that every taxable person, including a Free Zone Person, register for Corporate Tax and get a Registration Number.
FTA also requested that even the Exempted Persons register for Corporate Tax.
The Federal Tax Authority (FTA) mandates that Taxable Individuals or Independent Partnerships must undergo Corporate Tax registration and secure a Tax Registration Number. After completing corporate tax registration, individuals must remit a 9% standard Corporate Tax on taxable income exceeding AED 375,000, with a 0% charge applicable to taxable income up to AED 375,000.
The Federal Tax Authority (FTA) has enabled pre-registration for corporate tax on the EmaraTax platform. EmaraTax is an online portal where taxpayers can manage various tax-related activities, including registrations, returns, refunds, deregistration, and payments, all in one place
Requirements for Corporate Tax Registration: For UAE Corporate Income Tax (CIT) registration, businesses must submit the documents to the Federal Tax Authority (FTA) online. The required documents differ based on the type of applicant:
As per the new cabinet decision released in February, the UAE's Federal Tax Authority (FTA) has established specific timelines for taxable persons to register for corporate tax with the authority. These deadlines are outlined in a new FTA Decision that took effect on 1 March 2024. Below, we have given the corporate tax registration deadline timeframes for both UAE juridical and natural persons,
Below, we have given the deadline timeframes for resident and non-resident persons come under the juridical category,
Resident Persons in the UAE and were incorporated, established, or otherwise recognized before 1 March 2024 must apply for Corporate Tax registration based on the month their license was issued:
Month of License Issuance (the year of license issuance is irrelevant) | Deadline to Apply for Corporate Registration |
January or February | May 31, 2024 |
March or April | June 30, 2024 |
May | July 31, 2024 |
June | August 31, 2024 |
July | September 30, 2024 |
August or September | October 31, 2024 |
October or November | November 30, 2024 |
December | December 31, 2024 |
To commence the Corporate Tax Registration process, an account must be created on the Emaratax portal, requiring new users' email ID and phone number.
After obtaining Corporate Tax Registration, businesses must proceed with Corporate Tax Return Filing to comply with UAE tax regulations. Filings.ae offers expert assistance in this crucial step to ensure accuracy and compliance.
At Filings.ae, our team offers expert guidance and streamlined solutions for creating your taxable entity on the Emaratax portal and ensuring accurate and compliant registration. With Filings.ae, businesses gain the advantage of efficiently handling all aspects of Corporate Tax Registration & Corporate Tax Filing. Our commitment is to provide a hassle-free experience, allowing companies to focus on their core operations.
For a seamless experience managing the complexities of Corporate tax registration and tax filing, contact Filings.ae to ensure accuracy and adherence to regulations.
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