Corporate Tax in UAE Expert Registration & Compliance Services
UAE corporate tax is a federal tax implemented as of June 1, 2023, and is imposed on trade within the mainland, free zones, and other foreign entities earning revenues on the territory of the UAE, as well as within the UAE. The regime, managed by the Federal Tax Authority (FTA), is expected to be in compliance with international tax standards as well as to foster economic development of the UAE.
The requirements that require businesses operating in the UAE to register for corporate tax in time, file according to the stipulations, and calculate their taxes accurately are taken care of to prevent penalties.
Whose Is the Corporate Tax in the UAE?
Mainland Companies
The mainland companies established in the UAE should all be registered to meet the corporate tax laws.
Free Zone Entities
Free zone companies need to be registered in the FTA even when they qualify to be charged at 0% tax rate.
Foreign Companies
One that is likely to be liable is a company that has a permanent establishment in the UAE or one that is receiving income in the UAE.
Natural Persons (Self-Employed or Freelancers)
People who earn above AED 1 million per year with UAE-based business operations are required to register.
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UAE Corporate tax levels
- 0% – Taxable up to AED 375,000.
- 9% – This is to be charged on taxable income exceeding AED 375,000.
- Rates that are different – It can be levied on large multinational corporations according to OECD rules of Pillar Two.
VAT Employment Process
The UAE has an online portal known as the Emara Tax that is used to complete corporate tax registration. It involves:
- Signing up or logging in to the FTA account.
- Provision of entity details – Details on trade licence, the nature of business operations, and ownership.
- The provision of contact and authorised signatory information.
- Reading and lodging the application.
- When approved, one gets the Tax Registration Number (TRN).
Failure to make the registration before one day of the due date may lead to a AED 10,000 penalty even in cases where no tax would be payable.
Albab Tax- Business Taxation Services
Albab Tax gives full-service corporate tax compliance to customers:
- Filing of corporate tax through FTA.
- Taxable income figure and tax are based on the right rates.
- Guidelines regarding free zone businesses on allowable income and exemptions.
- Record-keeping and Tax returns.
- Representation and help with FTA communications.
Why Albab Tax to handle Your Corporate Tax in the UAE?
- Dedicated Professionalism on UAE tax legislation and regulations.
- Precision and Fastness in registration and filings.
- Tailored Services to the mainland, free zone, and individual taxpayers.
