Corporate Tax Registration in United Arab Emirates

Providing the best corporate tax services, Miqat assures a professional and timely corporate tax registration in UAE to comply with the new UAE CT regime. Getting to know about corporate tax law and its registration procedures is vital for any UAE business. So, here is the guide. 

As you may know, the Ministry of Finance in the UAE launched the Corporate Tax in 2022 and will be implemented in full swing during June 2023, to impact the financial years of the companies or the businesses. Hence, audit firms in Dubai and tax consultants in the UAE have started offering Corporate Tax Advisory and Implementation Services for Businesses. The Corporate Tax system in the UAE strictly follows the best global practices and regulations issued by the OECD (Organization for Co-operation and Economic Development) to minimize the risk compliance on business.

Registration for Corporate Tax in UAE

As per the FTA’s Federal Decree Law 47, The corporate tax regime demands every taxable person, which includes a Free Zone Person, requires to register for Corporate Tax and get a Registration Number. The Federal Tax Authority also requested that even the Exempted Persons should register for Corporate Tax. 

Taxable Persons must file Corporate Tax returns for a Tax Period within 9 months from the end of a specific period. This deadline is normally applied in the payment of all the Corporate Taxes due in terms of the Tax Period the return is filed. 

In the cases excluded as declared by the Minister, a Taxable Person must register for the Corporate Tax with the Federal Tax Authority in a specific format, within a timeline declared by the authority. 

The Authority requires the Taxable Person or the Independent Partnership, to register for Corporate Tax and obtain the Tax Registration Number. The Tax Authority should have a unique judgment for Corporate Tax Registration from the day an individual becomes a Taxable Person.

Once the registration of corporate tax is completed, the tax persons have to pay a standard rate of Corporate Tax of 9% on taxable income above AED375,000, while taxable income up to AED375,000 is charged 0%. 

How to register For UAE Corporate Tax?

The Federal Tax Authority has announced pre-registration of corporate tax in the EmaraTax platform. It is an online portal for taxpayers to handle all the Tax registrations, returns, refunds, deregistration and payment in one platform. One can also make VAT Payments easily using the EmaraTax user-friendly portal.

You can create an account or migrate your FTA Account to the EmaraTax using this simple EmaraTax Login guide. You may need to submit all the required documents for corporate tax UAE and register for corporate tax successfully. 

Who should register for Corporate Tax?

Every Taxable person, including Free Zone person, needs to register for Corporate Tax and get a Registration Number. 

As per the UAE Law for Corporate Tax, there are conditions for tax registration, which are as follows: 

• Mandatory Registration
• Registration at the choice of FTA

If your business is taxable under the Corporate Tax policy, you should apply for Corporate Tax registration in the UAE. Once registered you must obtain a Tax Registration Number within a specific period. Tax consultants at Miqat Auditors & Consultants help businesses with the registration process for Corporate Tax. The Federal Tax Authority requests certain individuals such as Exempt persons, autonomous partnerships, etc. to register under the Corporate Tax policy, and obtain the Tax Registration Number.

Corporate Tax Registration Services

Miqat Auditors & Consultants has the most qualified and experienced tax consultants with extensive expertise in Corporate Tax registration. Miqat has tax advisors who provide quality services in the registration process for Corporate Tax.  

Our team is quite aware of the major changes resulting from the implementation of Corporate Tax. The early preparation of corporate tax compliance saves a lot of costs and minimizes the stress on the team. With the extensive expertise and experience of the tax consultants at Miqat, you can be assured of smooth and unlimited transformation. 

Miqat assists you with updates on Corporate Tax Registration and filing CT returns, so you stay compliant with the regulations and save from fines and penalties.

Have queries on Corporate Tax Registration for your business? Call Miqat Auditors & Consultants Dubai.