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Registration of Corporate Tax

Requirements for Registration, Deregistration & Filing Returns

The UAE corporate tax will require businesses to comply with critical administrative requirements such as tax registration, deregistration, and filing of tax returns. Having a prior understanding of such compliance requirements can be achieved through consulting with corporate tax consultants in Dubai. The government will announce hefty corporate tax penalties soon if a company fails to comply with these requirements.

It is advisable to make any decisions after the UAE Corporate Tax Law is issued by the government. This is because the current provisions envisaged in the Public Consultation Document are subject to change. In this article, we share valuable insights on corporate tax registration, deregistration, and return filing. Read ahead to make your corporate tax compliance journey easier:

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Who Should Register for UAE Corporate Tax?

Tax Registration Numbers are required for companies subject to corporate tax in the UAE. An individual can be automatically registered for corporate tax by the Federal Tax Authority (FTA) if he or she does not do so voluntarily. Businesses can register for corporate tax with the assistance of corporate tax consultants in Dubai.

What Are the Requirements for Tax Deregistration?

If a business no longer pays corporate tax, it must apply for tax license revocation. Deregistration can occur for a variety of reasons, ranging from complete withdrawal to company liquidation. Such businesses must apply to the FTA within three months of the withdrawal date. The FTA will deregister a company if it is convinced that the individual or the company has filed tax returns and paid all corporation tax debts and fines owed for all periods covering before or on the date of stoppage. If a person fails to apply for license revocation within the given timespan or fails to comply with billing and filing obligations, the FTA may deregister the business based on available information.

Who Should Register for UAE

Filing of Corporate Tax

What obligations are there while filing the Corporate Tax in UAE, conditions for Payment and refunds and deadlines for filing of corporate tax.

Filing a Corporate Tax Return in the UAE: What Are the Obligations?

Businesses are required to prepare and file only one tax return and other related supporting schedules for each tax period. This provision will help to reduce the administrative burden on the taxpayers. Businesses are not required to file a provisional corporate tax return and make advance corporate tax payments. Businesses must submit each tax return and related supporting documents to the FTA within nine months of the end of the relevant Tax Period. Corporate tax advisors in Dubai can assist you to file the tax returns on time.

What Are the Conditions for Tax Payments and Refunds?

Tax payments to settle the corporate tax liability for a Tax Period must be made within nine months of the end of the relevant Tax Period. Taxpayers can request the FTA for a tax refund if they can demonstrate that a corporate tax refund may be due. The advice of corporate tax advisors in Dubai may come in handy for you while making the payments or applying for a refund.

Should Free Zone Persons File Corporate Tax Returns?

Free zone businesses can benefit from the 0% corporate tax regime if they maintain adequate substance and comply with all the regulatory requirements. However, free zone persons will be subject to corporate tax and need to file corporate tax returns.

What Are the Deadlines for Corporate Tax Payments & Filing?

The following table details the corporate tax filing and payment deadlines for businesses having year ends of 31 March, 30 June and 31 December:

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