As you may know, that the Ministry of Finance in the UAE has launched the corporate tax in 2022 and will be implemented in full swing during June 2023.
JAS Accountants assures a professional and timely corporate tax registration in UAE to comply with the new UAE CT regime. Getting to know about corporate tax law and its registration procedures is vital for any UAE business.
CORPORATE TAX ON FREEZONE >
CORPORATE TAX TRAINING >
Registration of corporate tax in UAE
As per the FTA's Federal Decree Law 47, the corporate tax regime demands every taxable person, which includes a Free Zone Person to register for corporate tax and get a Tax Registration Number (TRN). The Federal Tax Authority also requested that even the Exempted Persons should register for corporate tax.
Taxable Persons must file corporate tax returns for a tax period within 9 months from the end of a specific period.
The Tax Authority requires the Taxable Person or the Independent Partnership, to register for corporate tax and obtain the Tax Registration Number (TRN). The Tax Authority should have a unique judgment for corporate tax registration from the day an individual becomes a Taxable Person.
Once the registration of corporate tax is completed, the Taxable Persons have to pay a standard rate of 9% as Corporate Tax on taxable income above AED 375,000, while taxable income up to AED 375,000 is charged at 0%.
Who should register for corporate tax?
Every Taxable Person, including Free Zone Person, needs to register for corporate tax and get a Tax Registration Number (TRN).
As per the UAE Law for corporate tax, there are conditions for tax registration, which are as follows:
If your business is taxable under the corporate tax policy, you should apply for corporate tax registration in the UAE. Once registered, you must obtain a Tax Registration Number (TRN) within a specific period. Our tax consultants at JAS Accountants can help your business with the corporation tax registration process.
Corporation tax registration services
JAS Accountants has the most qualified and experienced tax consultants with extensive expertise in UAE's corporate tax registration.
Our team is quite aware of the major changes resulting from the implementation of the corporate tax. With our extensive expertise and experience, you can be rest assured that you are in good hands.
SALIM JAVED >
Partner - Tax Advisory Services
TRANSFER PRICING
CORPORATION TAX ASSESSMENT
Telephone: +971 4393 8252
Mobile: ++971 5499 46822