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Checklist for Corporate Tax Filing_ Are You Fully Compliant?

Ensure your business meets the UAEu2019s corporate tax obligations with this complete compliance checklist. From registration to recordkeeping, expense tracking to audit readiness, every critical step is covered. Avoid penalties, optimize your tax strategy, and stay fully aligned with FTA regulations. Alzora Accounting & Advisory is your trusted tax consultant in Dubai for seamless compliance and expert guidance.

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Checklist for Corporate Tax Filing_ Are You Fully Compliant?

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  1. ChecklistforCorporateTaxFiling:Are YouFullyCompliant? CorporatetaxintheUAEisnolongerafutureconcern;it'sacurrentlegalobligation.Every businessoperatingintheUAEmustnowensureit'scompliantwiththenewtaxframework. Whetheryou'renewtocorporatetaxoralreadyregistered,usingastructuredchecklistcan helpyouavoidmistakes,penalties,andauditrisks. Thisguideincludestheessentialtasksyoumustcompletebeforefilingyourtaxreturn.With thesupportofexperiencedcorporatetaxadvisorsinDubai,youcanstreamlinetheentire processandstayfullycompliant. • ConfirmYourCorporateTaxRegistration • AreYouRegisteredWiththeFTA? • Ifyourbusinessisliableforcorporatetax,youmustregisterthroughtheFederalTax Authority(FTA)portal. • WhatYouNeedforRegistration: • Tradelicense • EmiratesIDandpassportofshareholders • ArticlesofAssociation

  2. Financialdataforthepastyear • WhyItMatters • Failuretoregistermayleadtofinesorinabilitytoclaimdeductions.AtaxconsultantinDubaicanhelpensureproperfilinganddataentry. • IdentifyYourTaxableStatus • DetermineIfYou'reaTaxablePerson • You'resubjecttocorporatetaxif: • YouoperateabusinessintheUAE • YourincomeexceedsAED375,000annually • You'renotanexemptentity • UnderstandExemptionsandReliefs • Exemptcategoriesinclude: • Governmententities • Qualifyingfreezonecompanies(meetingconditions) • Publicbenefitorganizations • ImpactofMisclassification • Incorrecttaxclassificationcanresultinauditsandnon-compliancenotices. • TrackandMaintainFinancialRecords • Recordkeeping Obligations • Youmustmaintain: • Generalledger • Salesandexpenserecords • Bankstatements • Fixedassetregister • Duration • Keeprecordsforatleast7yearsfromtheendoftherelevantfinancialyear. • UseofSoftware

  3. Useaccountingtoolsforaccuratetracking.CorporatetaxadvisorsinDubaicansuggest platformscompliantwithUAEtaxlaws. • CalculateYourTaxableIncome • ReviewYourFinancials • Adjustaccountingprofitstoalignwithtaxlaws: • Deductallowableexpenses • Addnon-deductibleitems • Applyexemptions • CommonAdjustments • Unrealizedgains • Entertainmentcosts • Related-partytransactions • ForecastTaxLiabilities • Planningquarterlyhelpsmanagecashflow.AreliabletaxconsultantinDubaiwillhelpyou forecastandplanpayments. • OrganizeDeductibleandNon-DeductibleExpenses • DeductibleItemsInclude: • Salaries • Rent • Depreciation • Marketingandadvertising • Non-DeductibleItemsInclude: • Personalexpenses • Penaltiesandfines • Bribesandillegalpayments • HowtoDocumentExpenses • Invoicesmustmatchthebusinessname,includetaxdetails,andbeverifiedmonthly. • ReviewRelatedPartyTransactions

  4. TransferPricingCompliance • Ifyourbusinessdealswithrelatedparties,transactionsmustbeatarm'slength. • Supporting Documentation • Youmayneedtosubmit: • TransferPricingDisclosure Form • MasterFile • LocalFile • RiskofNon-Compliance • MispricingcantriggerFTAscrutiny.ManycorporatetaxadvisorsinDubaioffertransfer pricingsupport. • PrepareandFileYourCorporateTaxReturn • WhentoFile • Returnsareduewithin9monthsoftheendofyourfinancialyear. • InformationRequired • Incomestatement • Balancesheet • Adjustedtaxableincome • Detailsofreliefs/exemptions • HowtoFile • AllreturnsmustbesubmittedthroughtheFTAe-portal.Ensureaccuracytoavoidrejections. • ManagePaymentandDeadlines • CorporateTaxRate • 0%onincomeuptoAED375,000 • 9%onincomeabovethat • HowtoPay • UsetheFTAportaltopaytaxonline.Confirmpaymentreferencenumbersarerecorded. • PenaltyRisks

  5. Latefilingornon-paymentcanleadtofinesstartingatAED500andincreasingwithdelays.Latefilingornon-paymentcanleadtofinesstartingatAED500andincreasingwithdelays. • BeReadyforanFTAAudit • WhatTriggersanAudit? • Inconsistentreporting • High-risktransactions • Suspiciousdeductions • HowtoPrepare • Reconcileallfinancial records • RespondtoFTAnoticesquickly • Retainbackupforallclaims • ExpertRepresentation • AseasonedtaxconsultantinDubaicanrepresentyouduringanauditandrespondtoFTA inquiries. • ReviewYourTaxStrategyAnnually • BusinessStructureAnalysis • Reassessyourstructureyearly: • Shouldyouformataxgroup? • Aretherebetterwaystoallocateexpenses? • PlanAhead • Forecasttaxesquarterly.CorporatetaxadvisorsinDubaihelpyouoptimizeoperationsand reducetaxlegally. • StayUpdated • TaxlawsintheUAEevolve.Staycurrentwith: • FTA updates • Ministerialdecisions • Annualbudgetannouncements • FinalComplianceChecklist • Beforeyoufile:

  6. ✅AreyouregisteredwiththeFTA? • ✅Haveyouclassifiedyourbusinesscorrectly? • ✅Areyour financialsupdated? • ✅Haveyouadjustedyourincomefortaxpurposes? • ✅Haveyoudocumentedalldeductibleexpenses? • ✅Arerelatedpartytransactionsdisclosed? • ✅HaveyousubmittedyourreturnviaFTA? • ✅Didyoupayyourduesontime? • ✅Areyoupreparedforanaudit? • ✅Isyourtaxstrategyreviewed? • FinalThoughts • Corporatetaxismorethanaonce-a-yearfiling.It'sayear-roundresponsibility.Byfollowing thischecklist,youstaycompliantandgaincontroloveryourfinancialperformance. • Workingwithtrustedcorporatetaxadvisorsensuresyouremainalignedwithlegal requirementswhilealso identifyingopportunities fortaxefficiency.Don'twaitfor penalties to remindyouitpaystobeproactive. • LetAlzoraAccounting&Advisory,yourreliabletaxconsultantinDubai,guideyour businessthrougheverystepofcorporatetaxcompliance. • BroughttoyoubyAlzoraAccounting&Advisory • YourtrustedpartnerinDubaiforcorporatetax,VAT,accounting,andfinancialreporting servicesintheUAE.

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