Corporate Tax Filing Documents range from financial position statements to foreign tax paid declarations. To prevent any Corporate Tax Penalties, these documents need to be prepared precisely. A thorough briefing of the documents is presented below.
In the UAE, businesses must publicly identify their obligation to pay Corporate Tax through the Corporate Tax Registration process. The Federal Tax Authority (FTA) requires all taxable entities, including those operating in Free Zones, to register for Corporate Tax and acquire a Corporate Tax Registration Number.
Upon receiving a Corporate Tax Registration Number, companies must then file their Corporate Tax Returns. Filing a corporate tax return involves submitting all relevant documentation and information about the company's taxable income and tax liabilities.
To Comply with Rules & Regulations
Accurate Tax Estimates
Corporate tax in the UAE is calculated using the net profit reflected in the company's financial accounts. Maintaining certain financial documents is required to file tax returns and calculate how much Corporate Tax you owe.
Check out the following documents to assist you prepare to file Corporate Tax in UAE:
Mentioned below are the Penalties for Document Errors in UAE Corporate Tax.
No. | Description of Violation | Administrative Penalty Amount in AED |
1 | Failure to maintain the relevant records and other information outlined under the Tax Procedures Law and Corporate Tax Law. | 10,000 for each violation; 20,000 for repeated violations within 24 months. |
2 | Failure to submit tax-related data, records, and documents in Arabic to the Authority when requested. | 5,000 |
Find out more about Corporate Tax Filing Penalties here.
Corporate Tax must be submitted within 9 months from the end of their respected financial year with all the necessary documents mentioned above.
Here's a brief overview on the Corporate Tax Filing Deadline
Financial Year | Filing Timeline |
1 June 2023 to 31 May 2024 | June 1, 2024 to February 28, 2025 |
1 January 2024 to 31 December 2024 | 1 January 2025 - 30 September 2025 |
1 April 2024 - 31 March 2025 | 1 April 2025 - 31 December 2025 |
To have a detailed briefing of Corporate Tax Deadlines, check out here.
All of the aforementioned documents are necessary for filing the UAE Corporate Tax. Reyson Badger can keep track of all the documentation required for UAE Corporate Tax and assist you in filing the return. Choose Reyson Badger to file your corporate tax returns and remain compliant.