1 / 6

Corporate Tax Registration, Corporate Tax Filing in UAE

UAE Corporate Tax Law, businesses ought to register, file, and pay corporation tax returns to avert any risk of incurring penalties for noncompliance.

Deepthi7
Download Presentation

Corporate Tax Registration, Corporate Tax Filing in UAE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Corporate Tax Registration, Corporate Tax Filing & Pay in UAE Farahat & Co

  2. The latest UAE corporate tax statute has been conferred the code, “Federal Decree Law no. 47/2022 on Corporation Taxation”. Subsequent to the issuance of the UAE Corporate Tax Law, businesses ought to register, file, and pay corporation tax returns to avert any risk of incurring noncompliance. Thus, it is highly essential to avail the services of trusted tax agents in UAE to stay compliant with the Federal Tax Authority’s regulations and standards. Businesses and penalties for 2

  3. How and When to Register for Corporate Tax in UAE? In accordance with the Federal Decree Law no. 47/2022, all businesses that are subject to corporate tax in UAE must register themselves with the Federal Tax Authority and get a corporation tax registration ID or number from the respective authority. This applies to all businesses whether they are subject to 0 percent or 9 percent corporation tax. Corporations can avail of the services of reputable corporate tax advisors in UAE to seamlessly carry out tax registration. 3

  4. When to File and Pay Corporate Tax in UAE? Corporate Timeline for the Business Financial Year January 1 – December 31 • The first tax period will range from January 1 (2024) to December 31 (2024) after which the business will assess whether or not it will need to pay corporate tax after registering and filing for it. • The second tax period will range from January 1 (2025) to December 31 (2025) during which the taxpayer will need to file and pay corporate tax for the first tax period. • The deadline to file and pay corporation tax will be September 30 (2025). The tax can be paid any time before this due date. • The total time period that is available for such a fiscal year becomes 33 months in this case. The taxable business should better get itself registered during this period. If a business’s fiscal year starts on June 1, 2023, and ends on May 31, 2024, the following will be its corporate tax timeline in general; • The first tax periods will range from June 1 (2023) to May 31 (2024) after which the business will assess whether it has earned taxable income or not i.e, the income reaches the limit where it would be taxed. • The second tax period will range from June 1 (2024) to May 31 (2025) during which the taxpayer will need to file and pay corporate tax for the first tax period. • The total time period that is available for such a fiscal year becomes 26 months in this case. Before these months’ end, the taxable person should register with FTA for corporate tax purposes. 4

  5. Choose the Best UAE Tax Advisory Services! It is highly essential to avail the services of trusted tax agents in UAE to stay compliant with the Federal Tax Authority’s regulations and standards. Corporations can seek the services of reputable corporate tax advisors in UAE to seamlessly carry out tax registration and filing. So, call us at Corporate Tax UAE and we shall be happy to assist you!

  6. Contact Us WhatsApp Only: +971 52 6922588 WhatsApp & Phone: +971 55 4828368 Landline: +971 4 2500251 (9AM - 7PM GMT+4 - Monday to Friday) For Consultation: consultant@farahatco.com For Sales Enquiries: sales@farahatco.com 6

More Related