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Corporate Tax Registration Services in UAE

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+971 56 553 8989

Corporate Tax Registration Services in the Dubai

Dubai tax experts and audit firms are now authorized to offer Corporate Tax Registration and Advisory services under the UAE Corporate Tax 2023 framework. This announcement has sparked significant interest among numerous businesses eager to comply with the new requirements.

The adoption of international standards and a commitment to transparency in Corporate Tax Registration marks a transformative milestone for companies in the United Arab Emirates. This initiative plays a crucial role in safeguarding against fraudulent tax practices.

what is corporate tax registration?

The Taxable Person or Independent Partnership must register for corporate tax and obtain a Tax Registration Number as mandated by the Authority. Once an individual qualifies as a Taxable Person, the Tax Authority is empowered to make specific decisions regarding their corporate tax registration. Eligible individuals can apply for corporate tax registration through the FTA and receive a unique Corporate Tax Registration Number.

The Federal Tax Authority (FTA) has introduced the “Emaratax Platform,” an online system for corporate tax registration and pre-registration. This platform facilitates various tax-related processes, including registration, payments, filing returns, requesting refunds, and de-registration. Additionally, VAT payments can also be made through this unified portal.

 

Steps to Register:

  • Create an account with the FTA.
  • Use the same login credentials to access the tax platform.
  • Upload and submit the required tax documents.

Upon successful registration, a Corporate Tax Registration Number will be issued.

Fees for Corporate Tax Registration:

  • Once registered, taxable individuals are required to pay a standard 9% Corporate Tax on taxable income exceeding AED 375,000.
  • Conversely, individuals with taxable income up to AED 375,000 are exempt from Corporate Tax and are not liable for any tax payments.

Corporate Tax Registration Documents and Forms

If the applicant is an individual, the following documents are required:

  • Trade license, where applicable
  • Emirates ID / Passport of the applicant
  • Proof of authorization for the authorized signatory.

Criteria for Services in Corporate Taxation

The following individuals are qualified to get Corporate Tax Services:

  • Businesses and legal entities in the UAE are effectively managed and regulated.
  • Individuals or entities conducting business in the UAE are bound by Cabinet Decisions.
  • Foreign legal entities with a permanent establishment in the UAE and non-resident juridical persons are also subject to these regulations
  • Additionally, legal entities operating within UAE Free Zones are considered Taxable Persons and are subject to Corporate Tax.

Who is Exempted from Corporate Tax Registration Services UAE?

  • Governmental organizations are entirely excluded.
  • Government-controlled entities are exempt if specified in a Cabinet Decision.
  • Companies involved in natural resource extraction or non-extraction activities are exempt, subject to approval by the Ministry of Finance.
  • Public benefit entities listed in Cabinet Decisions are also excluded.
  • Public or private pension funds, social security funds, and qualifying investment funds are exempt, provided they receive approval from the Federal Tax Authority (FTA).
  • UAE-based subsidiaries wholly owned and managed by government entities are exempt from obligations if approved by the FTA.

How Can CBD Accounting and Tax Consultant Assist You With Services for Corporate Tax Registration?

CBD Accounting and Tax Consultant offers a comprehensive range of commercial and financial services, including corporate tax registration, assessment, filing, and planning. Their team of experienced professionals is ready to assist with corporate tax law, the registration process, tax filing, and tax deductions in the United Arab Emirates. They also provide extensive business tax services such as corporate tax planning, VAT, tax return filing, and the implementation of tax strategies.

 

Regardless of your company’s location, the skilled accountants at CBD Accounting and Tax Consultant excel in managing tax-related matters. They take pride in delivering expert corporate tax consultancy, guidance on corporate tax rates, and support for corporate tax filing in the UAE.

 

With a focus on fostering growth and success, CBD Accounting and Tax Consultant is dedicated to offering high-quality services in strategic planning for corporate tax and corporate tax registration consulting in the UAE.

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Corporate Tax Services

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