Advisory & Consulting
Corporate Tax in UAE – Rates, Law & Compliance Advisory
Singiri Auditing takes pride in being your go-to partner for all kinds of corporate tax advisory services in Dubai. We offer professional guidance in terms of the corporate tax landscape and guarantee that your business complies with all the stringent tax regulations and boosts its efficiency.
Corporate Tax Registration in UAE
Corporate Tax Registration:
> Any business that is liable to the UAE corporate tax should be registered by the concerned taxation authority and be assigned a tax registration number (TRN).
> Registration includes filling of application and presentation of needed documentation, including the trade license of the company, articles of association, and evidence of residency.
> Tax consultants in Dubai such as Singiri Auditing can help businesses in the registration process and make them meet the UAE Corporate Tax Law.
Expert Corporate Tax Registration Services in UAE:
Special firms and consultancies providing expert corporate tax registration services in the UAE are a common offering of the company that helps businesses to comply with the regulations of the Federal Tax Authority (FTA). Such services usually comprise eligibility assessment, gathering and validation of the necessary materials, completing and submitting applications of registration through the FTA Emara Tax portal and offering support on the continued filing and compliance of tax returns.
What Is Corporate Tax Registration in the UAE?
The registration of corporate tax in the UAE is obligatory to all tax subjects, both businesses and individuals, who are subject to corporate tax as according to the Federal Decree Law 47. It makes these entities register with the Federal Tax Authority (FTA) and be assigned corporate tax registration number. This registration allows it to pay the UAE corporate tax system that has a standard corporate tax rate of 9% on the taxable income that is above AED 375,000, and a corporate tax of 0% on taxable income below AED 375,000.
Registering is done all online through the Emara Tax portal by FTA where taxable individuals need to open or migrate their accounts and provide the necessary documents like valid trade license, copies of passport and Emirates ID of the owners or shareholders, Memorandum / Articles of Association and contact information of the company. After registration, the entities are required to submit the corporate tax returns within nine months after the expiry of the stated tax period.
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Our Streamlined Tax Registration Process:
The simplified corporate tax registration system in the UAE is aimed at providing simple and two-sided compliance to all taxable entities using the online EmaraTax platform of the Federal Tax Authority (FTA). The process involves:
1. The establishment of an account or the transfer of an already existing FTA account to the Emira Tax portal, which gathers tax registrations, returns, payments, and refunds in a user-friendly interface.
2. Providing the following documents: a valid trade license, Memorandum of Association (MOA) or Articles of Association (AOA), a copy of passports and Emirates IDs of owners or shareholders, contact details of the company, and perhaps a board resolution in case of such a resolution.
3. All taxable persons such as mainland companies, free zone entities, natural persons who do business and whose turnover surpasses AED 1 million as well as such foreign companies with UAE presence are obliged to be registered in a timely manner. The cutoffs differ depending on the incorporation dates, with gradual cutoffs in 2024 and 2025.
4. After registration, organizations have to submit corporate tax returns within a period of nine months, after the accounting period.
5. The FTA provides supporting material of the registration in the form of support guides, user manuals, and various government service canters (Tas’heel Centers).
6 Late registration leads to administrative fines that begin with AED 10,000, therefore making it important to do registration promptly.
7 This is a simplified online procedure capable of assisting companies in the UAE to pay corporate taxes without much hassle and avoid fines and other regulatory compliance.
Documents Needed for Corporate Tax Registration:
1. Trade license
2. MOA or AOA (where not necessary, a sole establishment).
3. Copy of passport of the signatory.
4. Emirates ID of the signatory
5. Signatory Visa copy (not mandatory)
6. Bank Detail (Account Number/IBAN/Name/Address) (not obligatory)
Who is required to fill in forms to register as corporate tax in UAE?
1. Non-juridical persons incorporated in the UAE but managed and controlled in the UAE Non-UAE juridical persons, incorporated outside the UAE and effectively managed and controlled in the UAE.
2. The natural persons (i.e. individuals) who carry out a business or business activity in the UAE according to a cabinet decision that will be issued in accordance with Article 11(6).
3. Non-resident individuals which have a permanent establishment in UAE or earn UAE-source income subject to corporate tax.
4. In the UAE, juridical persons are comprised of entities, including Free Zone Persons, incorporated or otherwise recognized under UAE legislation, which are limited liability companies or are private or public joint stock companies.
The UAE Corporate Tax: Spotlight on Which Entities are liable to tax:
UAE has also adopted a federal tax system, and this tax system is charged on all business and commercial activities carried out in the seven emirates. But there are certain cases in which exceptions exist:
1. The tax laws stipulated by the emirate will continue to apply to businesses that deal with extraction of natural resources.
2. The tax will not be imposed on individuals with personal income including returns on salary or investments provided such activities do not necessitate a commercial license.
1.Computation of Taxable Income:
1. Taxable income of a company is determined by subtracting the allowable expenses and exemptions to the gross income of the company. Some expenses that can be taken are operating expenses, depreciation and interest on loans among others.
2.We have helping companies compute their taxable income and offering them advice on the deductions and exemptions available on their tax paying in UAE and Dubai.
2.Formation of Tax Groups:
The related companies in the UAE may establish a tax group to consolidate their tax in the country and also make the process of tax compliance easier. The tax consultants of the Singiri Auditing in Dubai will also work with businesses on whether they are qualified to form a tax group and guide them to the documentation and the procedures required.
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Benefits of Professional Registration Support:
The corporate tax registration in the UAE with professional registration services has a number of important advantages that facilitate the process and streamline the tax results:
1.Experienced help and Professionalism: This is because professionals can ensure that they register on time and correctly with the Federal Tax Authority (FTA) avoiding incidences of errors or omissions that may attract penalties. They assist in making the complicated regulatory requirements and documentation procedures smooth.
2.Compliance and Penalty Avoidance: Businesses can avoid expensive fines including the AED 10,000 penalty of failure to register on time with professional assistance. Experts remind clients of the deadlines and assist in keeping good records to continue complying.
3.Maximization of Tax Exemption: Experts evaluate the eligibility to a range of tax exemption including benefits applicable to the free zone business, and this will be used to optimize the total tax liability and also will not make businesses waste available tax reliefs.
4.Time and Resource: Outsourcing helps the companies to conserve time and internal resources which can be utilized in the process of doing the essential business without getting lost in the administrative process.
5.Complete Ongoing Support: In addition to the registration, the professionals will help with the corporate taxes, audit support, and tax structuring/obligations advisory to make sure there is continuous compliance and advice on tax structuring and tax obligations.
6.Improved Credibility and financial management: Registered businesses and appropriate tax filings increase their levels of credibility among the investors, partners, and financial institutions. Assistance with professional record-keeping will make audits, loan approvals, and investor relations easier.
7.Enables Business Development and Internationalization: Adequate registration according to the corporate tax regime in the UAE assists companies to have the same standards as global ones, facilitating the expansion and international transactions, as transparency and compliance are more appropriate.
Staying Compliant After Registration:
Once a business is registered as a corporate tax in the UAE, a number of compliance requirements have to be adhered to continuously to be in good standing with the Federal Tax Authority (FTA):
1.Payments to Tax Annual Returns:
1. Submit annual corporate tax returns within 9 months of the end of every financial year.
2. Remit any tax outstanding within the same 9 months.
3. Annual returns have to be submitted even when a company had no taxable income exceeding AED 375,000 according to the FTA regulations.
2.Proper Bookkeeping and Records:
1. Keep proper accounting records, which are recorded income and expenses within a minimum of 7 years.
2. The businesses in the free zones should distinguish between qualifying and non-qualifying income to treat them appropriately.
3. Monitor and record all related-party (transfer pricing) transactions in order to comply with standards.
3.Reaction to FTA Enquires and Updates:
1 Retain copies of tax returns and other supporting documents as an easy access to a check-up or an investigation by FTA.
2 Keep track of the changes in tax legislation in UAE because their regulations and limits may vary; this way, new changes will be introduced in the compliance patterns.
4.Meeting Deadlines and Avoiding Punishments:
1 Failure to submit or remit tax returns or payments by the due dates may attract fines of AED 10,000 and above.
2.When the reviews are done regularly (usually after every quarter) businesses get to deal with any issues that arise on time and minimize the chances of submitting their reports late.
Transfer Pricing and Requirements in a Group:
Companies beyond certain set limits or trading in groups of companies have to adhere to transfer pricing documentation and may be called on to submit transfer pricing reports in accordance with the arm length principle as advised in the OECD guidelines.
Deregistration Where applicable:In case such an entity ceases to fulfil the corporate tax requirements, it must request deregistration through Emara Tax within 20 working days of the change. Any failure to deregister attracts new fines every month.
Why Choose Singiri Auditing for UAE Corporate Tax Services?
Finally, at Singiri Auditing we are committed to delivering exceptional service and value to our clients. Our team of tax professionals combines technical expertise with industry knowledge to provide you with tailored solutions that drive your business forward.
Whether you need assistance with tax planning, compliance, audits, international tax, or UAE corporate tax, Free Zone, we are here to support you every step of the way.! Contact us today to learn more about our comprehensive range of corporate tax in UAE.
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