The government of the United Arab Emirates has announced the introduction of corporate taxes beginning June 1st, 2023. This declaration has caused a buzz among businesses and tax advisors. It's been a bit confusing how to register for corporate tax since the UAE announced that corporate tax would be implemented. Now, FTA has opened a window for corporate tax registration on the EmaraTax portal! Yes, it’s getting closer! This blog will provide a comprehensive guide to the registration process and its requirements. You'll learn the different types of tax registration, the necessary documents, and the steps to complete the process.
First and foremost, let’s have a look at the different types of documents you require for registering Corporate Tax in the UAE.
The accepted file types of documents are PDF, DOC, and DOCX. The individual file size limit is 15MB.
Note: You are requested to ensure that the documents submitted, support the information entered by you in the application. This would help to avoid any rejection or resubmission of the application later.
The Authority clarified that early registration is available from January 2023 to May 2023 for certain categories of businesses operating in the UAE. The FTA will send invites to these selected companies via email and SMS, letting them register using the EmaraTax platform.
FTA will reveal when registration is open to further enterprises and companies after this round. The FTA will provide organizations and businesses with enough time to submit registration applications and meet their legal requirements. Priority will be given to companies whose fiscal year starts on June 1, 2023, when registration opens.
Once the application is submitted, the FTA will determine whether to approve, deny, or ask for more details and inform the applicant of the outcome. Once the FTA has accepted your application, you will be informed of the result.
Corporate tax registration portal: https://eservices.tax.gov.ae/#/Logon
Through EmaraTax, the UAE's digital tax services platform, the Federal Tax Authority (FTA) has begun offering early registration for business tax.
This action is consistent with Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses (the Corporate Tax Law), which provides that Taxable Persons would be subject to corporate tax commencing with their first fiscal year beginning on or after June 1, 2023.
The UAE is one of the most sought-after business destinations in the world and has an established legal and regulatory framework that protects businesses. With these factors in mind, business owners can be sure to get the most out of their corporate tax registration services when they opt for an experienced provider based in the UAE.
Reyson Badger, a leading accounting and auditing firm that provides corporate tax registration services in UAE, will help you navigate this new environment and guarantee that your company transitions to the corporate tax era without any major disruptions. We can also help with any other queries you may have regarding Corporate Tax Registration in the UAE.
Contact us to know more!
Corporate tax is a set of regulations that will bring more transparency and certainty to businesses in the United Arab Emirates. The CT is drafted to protect investors, encourage entrepreneurship, and boost the economy.
The new corporate tax in the UAE will contribute to levelling the playing field for businesses and strengthen protection for investors. Additionally, the law is expected to promote business ventures and strengthen the economy.
Getting registered for corporate tax can be a daunting process because businesses have so much to do. So, it is advisable to seek help from any Corporate Tax Registration Consultant in UAE. Consultants can help you with the corporate tax UAE registration process and also provide you with comprehensive and quick corporate tax registration services tailored to meet the company's needs.
Reyson Badger, a leading corporate tax registration consultant in UAE, can help. Our experienced and knowledgeable team can guide you through the entire registration process, from preparing the necessary paperwork to filing the appropriate forms with the relevant authorities. We can also provide you with all the necessary advice and assistance to ensure your registration is successful and in compliance with the local tax laws.
Register for Corporate Tax with Reyson Badger! Contact us to know more.