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The new corporate tax laws in the UAE came into effect on June 1, 2023, making companies subject to corporate tax for financial years starting on or after this date. Under these laws, UAE businesses must comply with the following administrative obligations:
To ensure compliance, businesses must take the necessary steps ahead of the corporate tax implementation. One key step in the process is completing online registration for corporate tax.
Under the UAE corporate tax registration regulations, all companies must register for corporate tax, regardless of whether they qualify for the 0% or 9% tax rate. Even businesses that are exempt from tax must register in order to take advantage of exemption provisions.
To assist companies with corporate tax compliance, the Federal Tax Authority (FTA) has set up procedures for a smooth implementation process. This includes an early registration phase for specific categories of businesses, with other companies being able to register once this initial phase has concluded.
Litrix Business Solutions DMCC is a leading professional services firm in the UAE, specializing in tax advisory, business setup, and succession planning. With the introduction of corporate taxes in the UAE, we have expanded our offerings to include comprehensive corporate tax services, specifically assisting businesses with corporate tax registration.
Our expert team helps companies determine if they qualify for early registration and ensures successful registration before the deadline. Simply reach out to us, and our tax agents will promptly assess your situation.
We guide you through the entire registration process, preparing all the necessary documents and records for submission. Our team will complete the online registration forms with the required information, ensuring that all documents are accurate, complete, and submitted on time.
To access your EmaraTax account, you will need your login details or UAE Pass. If you do not have an account, you must sign up.
Ensure that the taxable person is linked to your user profile; if none exists, you will need to create one. The following information is required:
Here are some common questions about Corporate Tax
The Ministry of Finance made an announcement in January 2022 stating that federal Corporate Tax (CT) would be implemented on the net profits of businesses. The tax was made applicable after June 1, 2023, that will be applicable throughout all the emirates in the United Arab Emirates.
The primary motivation for introducing corporate tax in the UAE is to align with international taxation standards. In relation to the OECD’s Base Erosion and Profit Shifting (BEPS) initiative, all countries are required to uphold tax transparency and adopt measures to combat harmful tax practices. By implementing corporate tax, the UAE demonstrates its commitment to this initiative, ensuring transparency and fairness.
With a competitive tax framework and adherence to international taxation practices, the UAE aims to attract increased foreign investment and business activity. This approach will enhance its status as a global business hub and financial center, further establishing it as a preferred destination for businesses worldwide.
Yes, Litrix has experience in handling tax audits and disputes. We can represent your company during tax audits, assist with preparing necessary documentation, and provide guidance on resolving tax disputes in an efficient manner.
