The UAE recently announced a new tax system for corporates, in effect from June 1st, 2023. Businesses that operate within the borders of the UAE must register for corporate tax to pay corporation tax. Tax rates for corporations will be fixed at 0% for income that is less than AED 375,000, and 9% thereafter. Certain multinational companies are required to pay a 15% tax rate. 

There is a very short period to apply for corporate tax registration in Dubai before the deadline to file comes around. This is a step-by-step procedure that will benefit them effectively register to pay corporate tax in Dubai. 

Prior to corporate tax registration of your company, it is essential to know your tax obligations for corporate entities. Determine if registration is mandatory or if the registration process can be done on your own. 

Gather the Required Documents 

To register for corporation tax with the Federal Tax Authority (FTA), certain documents are required to be presented. These include: 

• A valid trade license. 
• Passport copies of owners/partners/shareholders. 
• Emirates ID copies of owners/partners/shareholders. 
• Copies of these individuals’ visas or identification cards from your home country (if relevant). 
• Memorandum of Association (MOA) and Articles of Association (AOA).  
• Contact information (mobile number and email address of person who is responsible). 

• Company contacts details (address, PO box).  
• Tax period for corporate tax. 

Before you submit your application for registration, ensure that all the documents are current and up to date. 

Register Using EmaraTax Portal 

The FTA has launched EmaraTax as its tax platform for corporate tax registration and tax compliance. To sign up through EmaraTax follow these steps: 

• Log to EmaraTax together or your FTA accounts or UAE Pass password (if you don’t are using one). If you need to create one, do so. 
• Select “Register” under the Corporate Tax tile on your dashboard. This will begin the registration process for corporate Tax.  
• Follow the step-by-step guide in providing details regarding your company’s name including contact details, tax information, and timeframe. 
• Be sure to review the details carefully and provide any necessary documents. Once your application has been processed, you will receive a tax Registration Number (TRN) via email. This number is required to file or pay tax on corporate income in the coming years. 

Get help from Corporate Tax Consultants  

Although the corporate tax registration process could be accomplished by yourself but an experienced tax advisor will warrant that you satisfy all requirements, serve accurate data submission and avoid any penalties. ebs Chartered Accountants are one of the top consultants who will assist you how to register for corporate tax. Their corporate tax services UAE are known to be the best as the delivery of work is timely and accurate. For more information you can take connect to uaetaxgpt.ae.  

After corporate tax registration in Dubai, your company must continue to meet compliance requirements, for example: 

• Making annual tax returns within 9 months of the tax period. 
• Making on-time tax payments. 
• Keeping accurate documents and books. 
• Informing the FTA regarding any updates to your company details. 

Inability to comply could result in penalties and interest costs work in conjunction with your tax professional to ensure that you meet deadlines and obligations within the stipulated timeframe. 

Keep up to date about any changes and updates: 

UAE business tax system is always changing as changing tax laws, and the Federal Tax Authority regularly issuing guidelines and other updates. Be aware of any changes by visiting the EmaraTax website and FTA websites regularly to get up-to-date information. Follow up on newsletters, participate in webinars, and collaborate in conjunction with your tax adviser to be aware of any developments that could affect the registration requirements or the compliance requirements for your company’s tax registration or tax payment. 

Registration for corporate tax Dubai could seem difficult and overwhelming initially. However, with the right planning and guidance, companies can navigate the procedure and adhere to the new tax rules. If you are aware of your responsibilities and collaborating with skilled experts, you can prepare your business to succeed under this new system. 

FAQs  

What documents are required for corporate tax registration in Dubai? 

The key documents required for corporate tax registration in Dubai include a copy of the trade license, passport copies of owners/partners/shareholders, Emirates IDs, Memorandum of Association (MOA) or Articles of Association (AOA) and contact details of the company and concerned persons.  

What is the timeline for corporate tax registration in Dubai in 2024? 

The registration deadlines are staggered based on the month the business license was issued, with the earliest deadline being May 31, 2024, for businesses licensed in January or February 2024.   

Where can I register for corporate tax in Dubai? 

Businesses in Dubai can register for corporate tax through the EmaraTax online portal of the Federal Tax Authority (FTA). The registration process involves logging in, adding a taxable person, and completing the corporate tax registration application.