Corporate Tax Registration in UAE: Step-by-Step Guide

The UAE has boarded on a momentous economic revolution that marks a fundamental moment for businesses working within its boundaries. In a current growth, the Federal Tax Authority (FTA) has started the pre-registration course for corporate tax.

In this article, we will see a complete step-by-step guide through the intricacies of Corporate Tax Registration in the UAE. This will help you to remain in compliance with the FTA’s commands. It is important for businesses to grasp the implications of this early registration requirement and to regulate when they should initiate the registration process or take help from Tax Consultants in Dubai.

What are the Key Points for Corporate Tax Registration?

Here are 2 major key points you need to know that are following;

  • Corporate Tax Registration Eligibility

As per the Federal Tax Authority (FTA), businesses with a financial year in January 2023 must promptly start registration for the UAE corporate tax. The FTA will extend official requests to these companies through email and SMS, facilitating their seamless registration process via the user-friendly EmaraTax platform.

  • VAT Registration and Corporate Tax

The process for registering for corporate tax in the UAE is distinct and stands alone from VAT registration. Therefore, companies before now registered for VAT in the UAE should initiate a discrete registration for corporate tax if they encounter the eligibility criteria.

  • Timeline for Early Registration

Only selected companies, that have been exceptionally invited by the FTA, have the joy of conducting early registration within the gap spanning from January 2023 to May 2023. Businesses in UAE looking for support during the corporate tax pre-registration process can take help from the proficiency of local tax agents such as Farahat & Co.[1]

Where should you Initiate your Corporate Tax Registration in the UAE?

 The Federal Tax Authority (FTA) has revealed an efficient track for corporate tax pre-registration in the UAE that is available through the Emara Tax platform.

Businesses can get into via an FTA account or UAE Pass but they must meet eligibility standards outlined in Federal Tax Law. The EmaraTax portal offers a wide range of online FTA services that provide users with dynamic information and an instinctive interface.

By cooperating with units like the Central Bank and UAE PASS, EmaraTax improves user involvement. This user-friendly stage unifies tax, VAT payments, registration, and compliance, with mobile convenience on the prospect.[2]

How to Register for Corporate Tax in the UAE?

Before getting on the journey to corporate tax registration in the UAE, you must follow the scrupulous guidelines specified by the Federal Tax Authority (FTA). In this orderly process, consideration of detail is significant. Here’s a complete Step-by-Step Guide outlining the important steps involved;

1.     Launch Your e-Services Account

Start your ride by going to the FTA’s official website. Here, you will also log into your existing Emara Tax account using your credentials or, if new to the platform, use the unified UAE Pass to create your account. This particular account will aid your entry to all tax-related activities.

2.     Elect Your Taxable Person

Within your account, generate a taxable person profile or select the applicable entity from the provided taxable person list.

3.     Equip Vital Company Information

Carefully complete the necessary forms and provide complete details about your company. Precision in this step is dominant.

4.     Submit Your Registration Application

Direct through your e-Services account to fill out the online registration application. Ensure that all obligatory fields are accurately filled, leaving no room for inconsistencies.

5.     Look forward to FTA Verification

Afterward, your application will be laid open to careful review by the FTA. The authority may demand additional information or documents and will start a rigorous verification process to authenticate the submitted data.

6.     Get Your Corporate Tax Registration Number

Upon effective inspection and approval, the FTA will give you a Corporate Tax Registration Number, in alignment with the UAE Corporate Tax legislature.

7.     Lodge Your Corporate Tax Return

The responsibility now encompasses submitting a Corporate Tax return within a 9-month window following the conclusion of the applicable tax phase. This phase also accords with the deadline for subsiding any Corporate Tax liabilities related to the individual tax phase.

8.     Endure Continuing Compliance

Beyond the achievement of your Corporate Tax Registration Number, the ride lasts with solid adherence to tax rules. This comprises prompt tax return submissions, industrious record-keeping, and contentment of all tax obligations as specified by the FTA’s rules.[3]

Conclusion

The procedure of corporate tax registration in the UAE is an essential task that requires accuracy and compliance. Adhering to the comprehensive step-by-step guide outlined in this article ensures a smooth ride through the details of the UAE’s tax landscape. For skilled help in navigating this process, consider recruitment with the support of tax consultant in Dubai, with meticulousness and expert leadership, businesses can attain tax compliance and back to their financial achievement in this dynamic and developing tax environment.

 

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