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The arrival of the latest UAE Corporate Tax Law puts forth a major shift for every business venture currently operating in the United Arab Emirates. As a Finance or General Manager of a company, you are very likely feeling the responsibility’s pressure to make sure your company is completely compliant. It is not merely a new regulation; it is a crucial business function that requires immediate attention.
The risks and repercussions of getting it even slightly wrong are very substantial. The FTA (Federal Tax Authority) imposes numerous serious tax penalties for any establishment that is non-compliant, which can include charges for late registration, wrong tax return filing, or not maintaining proper records.
These charges can majorly impact the profitability as well as the reputation of your company. Navigating through this intricate legal landscape demands deep expertise. Do not let the pressure of making an expensive mistake paralyze you – Xpert Tax and Accounting is here for you. We will help you transform this challenge into a smooth, hassle-free process.
Corporate tax filing in the UAE refers to the procedure of submitting the financial records as well as the tax returns of your company to the FTA (Federal Tax Authority) on a yearly basis. The official Corporate Tax Law states:
Note: Entities in the Free Zone might enjoy exemptions if they are able to meet certain qualifying conditions.
Filing precisely and more importantly, within the set timeframe is vital in avoiding audits, penalties, as well as business disruptions.
This is a very common query everyone has, and the answer is YES, filing corporate tax returns is an absolute must for every taxable individual in the United Arab Emirates, irrespective of whether they are liable to pay taxes or not.
Even if a business entity is qualified for any sort of exemption (Free Zone advantages, small business relief, etc.), they must still register for corporate tax in addition to submitting their yearly returns to the FTA.
Here is a list of in people and entities required to file corporate tax in the United Arab Emirates:
Here is a a detailed, step-by-step guide on how the process of UAE corporate tax filing works:
Navigate to FTA’s EmaraTax portal and sign up on it. Do so even if your business establishment is exempt from or not liable to pay corporate tax.
Make sure that all of business’ accounts, invoices, and most importantly, fiscal records are precise and up-to-date for the respective financial year.
Here are the list of financial statement you need to prepare that reflect the financial health of your business:
The aforementioned list of documents may be required to undergo audits or thorough review as per accordance with GAAP or IFRS.
Do a thorough review for determining the net profit, then apply exemptions (if any, such as small business relief, Free zone advantages, etc.), and lastly, compute the applicable tax.
After doing the calculations and preparing the documents, submit your corporate tax return using the EmaraTax platform.
After the filing is complete, you will get the amount of tax payment from the FTA. Complete the payment directly using the EmaraTax platform. Ensure that you pay the amount in time to avoid facing late payment fines.
We know there are many options available for you, but not every partner is created equal. We have designed our services specially to address the specific pain points of business heads and leaders like yourself – focusing on specialization, clarity, and most importantly, an unwavering commitment to your success in the long run.
We truly believe in offering you with a transparent quote upfront, so you are able to budget with utmost confidence and do not need to worry about any surprising invoices. No form of hidden fees – simply honest and reliable service.
We do not simply fill out forms; we guide you in understanding your business decisions’ tax implications, structuring your business transactions to truly optimize your position, and offer your valuable advice that assists you in saving money in addition to fostering sustainable growth.
Navigating the intricacies of corporate tax does not need to be complicated. We have streamlined the overall process into three very simple, client-friendly steps, so you are able to achieve complete compliance with minimal efforts from your end.
We take the required amount of time to assess and understand the structure of your business, its operational specifics, and any related concerns you may have related to the new tax law.
We give a simple checklist of all the required documents and official financial records. Then, we handle all the complexities of the process, including the meticulous paperwork and your tax position’s preparation, saving your time and protecting you from going through unnecessary stress.
After performing a thorough final review and taking your approval, your corporate tax return gets filed with the FTA, on your behalf. Then, we provide to you the official confirmation of the filing, giving you overall peace of mind, knowing that your tax filing obligation has been taken care of correctly and on time.
Do not be bound to the stress of tax filing or any other tax-related issue. Get in touch with Xpert Tax and Accounting and avail our professional corporate tax filing services in the UAE and across the GCC.
The UAE Corporate Tax is applicable to the majority of businesses as well as individuals who officially conduct business activities under a UAE commercial license. This includes every mainland company and individual whose annual business turnover exceeds the AED 1 million* mark, and every foreign company having a permanent establishment or a taxable presence in the United Arab Emirates.
The standard rate of corporate tax is tiered in the UAE: it is 0% on taxable income up to the AED 375,000* mark in order to support small-scale businesses and startups, and it is 9% on taxable income that goes past this threshold. A different rate of interest applies to major multinational corporations that meet certain criteria.
A Free Zone company that can reap the benefits from a 0% rate of corporate tax on its qualifying income is known as a Qualifying Free Zone Person. To obtain this status, a company must meet certain conditions, which includes having enough substance in the United Arab Emirates, deriving income from authenticated “Qualifying Activities”. Moreover, they must comply with all the regulations set by the Federal Tax Authority (FTA).
Taxable business establishments are required to file their corporate tax returns in addition to paying any form of tax due within 9 months from their financial year’s end. For example, if the end date of your financial year is 31st December 2025, you deadline for filing would be September 30, 2026. Any business that misses the deadline will be subjected to multiple significant penalties.
To officially register for corporate tax in the UAE on the Federal Tax Authority’s EmaraTax portal, you require multiple key documents, including – a valid Trade License, MOA (Memorandum of Association), AOA (Articles of Association), passport, copies of Emirates ID for owners, authorized signatories, and details related to your company, such as the address and contact person.
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