The government of the United Arab Emirates has announced the introduction of corporate tax 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 comprehensively guide 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 look at the documents you require to register for corporate tax in the UAE.
If the registrant is a Natural Person
If the registrant is a Legal Person
The accepted file types of documents are PDF, DOC, and DOCX. The individual file size limit is 15MB.
Note: Please make sure that the supporting documentation matches the data you put in the application. This would reduce the possibility of the application being rejected or needing to be submitted again 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
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 leveling 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.