Corporate tax registration
Foster Chapman offers top-notch Corporate Tax services, ensuring professional and timely CT registration in the UAE, in compliance with the new UAE CT regime. Understanding Corporate Tax and its registration procedure is crucial for any business in the UAE, and we are here to help you every step of the way.
Who needs to register?
Key points for Corporate Tax registration
Filing Deadline: You must file your Corporate Tax return within 9 months from the end of the tax period.
Mandatory Registration: You must register for Corporate Tax with the FTA in a specific format and within the timeline specified.
Registration Number: You must register and obtain a registration number from the FTA. The registration should occur from the day you become a taxable person.
Tax Rates: Once registered, taxable income above AED 375,000 is subject to a standard Corporate Tax rate of 9%, while income up to AED 375,000 is taxed at 0%.
The FTA has introduced pre-registration on the EmaraTax platform, an online portal that facilitates tax registrations, returns, refunds, deregistration and payments. You can create a new account or migrate your existing FTA account to EmaraTax using its login guide. Just ensure that you submit all required documents for Corporate Tax registration on the platform.
Ask About Corporate tax registration
The importance of Corporate Tax registration
Registering for corporate tax offers several advantages:
- Compliance with Tax Laws
- Prevention of Malicious Practices
- Adherence to Global Standards
- Your registration helps minimise the after-tax revenue impact on your company, benefiting shareholders too. Additionally, CT payments can be more advantageous for business owners paying individual income tax.
Exemptions:
Those who will not be affected include:
- Any businesses who extract natural resources
- The Dividends and Capital gains from qualifying shareholdings
- Public or Private sector salary
- Transactions for Intra-groups
- The interest of savings or bank deposits
- Corporate Tax Registration Requirements
Every taxable person, including Free Zone persons, must register for Corporate Tax and obtain a registration number.
The registration process began in early 2023. Once registered, you have nine months from the end of the relevant tax period to file returns and pay the tax.
Related Services
Corporate tax services
We are here to guide you through the whole process, from registration to return filing, so that you are fully prepared to comply with the new regulations.
Corporate tax assessment
At Foster Chapman, we offer expert corporate tax impact assessment services in the UAE, ensuring businesses remain compliant with tax regulations.
Corporate tax audits
An audit is a mandatory process to assess a company’s tax liability, compliance and financial records. During the audit, an auditor examines all of your financial statements, tax returns and any other related documents.
Corporate tax return
If you fail to file your tax returns, you could face penalties and fines, so it is best to understand the legal requirement of your tax return filing from the start.
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