Who is required to register for Corporate Tax in UAE?
The FTA requires all taxable persons (both legal and natural) to
register for Corporate Tax and obtain a
Tax Registration Number.
When is the registration deadline?
As per the information available on the FTA website, a taxable person would get time up to the date of filing of first tax to register; unless the taxable person receives a notification from FTA to register for Corporate Tax.
Applicable Corporate Tax rate
Businesses
in the UAE must pay corporate tax at the following rates on their taxable
income:
1. Taxable
income up to AED 375,000 is tax-free
2. Over AED
375,000 in taxable income, corporate taxes are 9%
3. In
accordance with OECD Base Erosion and Profit-Sharing laws, multinational
corporations with combined worldwide revenues in excess of AED 3.15 billion are
taxed at a 15% rate.
Registrants
in the UAE are required to submit the following documents:
Business owners must submit the required documents when registering for Corporate Tax in the UAE. Registration for corporate tax will be done online in the FTA portal. In order to register for Corporate Tax in the UAE, the following documents are required.
1. Trade
License copy (it should not be expired).
2. Passport
copy of the owner/partners who own the license (must not be expired).
3. Emirates ID
of the owner/partners who own the license (must not be expired).
4. Memorandum
of Association (MOA) – Or – Power of Attorney (POA)
5. Authorized person’s contact details (Mobile Number and
E-mail).
6. Contact
details of the company (complete address and P.O. Box).
7. Corporate
Tax Period.
You can
rely on us for fast and efficient corporate tax registration services in UAE.
Get in touch with us if you need a Corporate Tax Registration Number.
We have a
team of corporate tax advisors fully versed in UAE corporate tax laws who can
help your business overcome roadblocks such as familiarity with corporate tax
laws & regulations, structure and compliance issues.
Please get in touch with
Mohamed Salim
+971 52 244 02 03
