Corporate Tax Registration Services
Your business has a mandatory obligation to register for UAE Corporate Tax prior to June 1st 2023. Our qualified and experienced team has helped scores of companies to navigate the FTA procedures successfully register and deregister their Tax registration applications.
As an FTA Approved Muwafaq Tax Agency Partner, our service packages comply to UAE Tax Legislative and FTA Muwafaq principals.
Successful registration with the FTA requires a thorough preparation of documentation. Failure to provide an accurate or complete filing can lead to delays and possible administrative penalties.
Speak to one of our advisors to help navigate the registration requirements and allow you to experience a stress free process.
*Initial Consultation is FREE
What Sets Our Service Apart
FTA Procedure Understanding
How We Deliver
We will review your situation and assess the eligibility for the Legislation requirements
Our consultants will prepare a complete set of documentation for submission
Is your business eligible to register and file for UAE Corporate Tax?
All businesses or individuals conducting commercial activities are subject to Corporate Tax Legislation. Corporate Tax will not apply to an individual’s salary and other employment income. However, individuals who are deriving income as a business activity would be covered under Corporate Tax.
A narrow scope of entities is exempt from Corporate Tax such as Government entities or extractive businesses (upstream oil and gas sector).
Your are not VAT registered, is registration for UAE Corporate Tax still necessary?
Corporate Tax is a distinct and separate obligation to VAT. No minimum turnover threshold is applied and you must register and fulfill your obligations under the Corporate Tax Law. VAT registration is not required to meet your Corporate Tax obligations.
When is registration required and how long will it take?
The effective date for UAE Corporate Tax is June 1st 2023. You should ideally register and obtain your tax registration prior to this date. The process may take some time, it is likely the FTA will prioritise applications for those registrants with financial years ending 31st May 2023.
Are Free Zones Exempt from UAE Corporate Tax registration?
The Corporate Tax Law still applies to Free Zones and is not automatically exempt. Free Zone companies must register for Corporate Tax and fulfill obligations under the Corporate Tax law including payment for taxes (unless the Free Zone entity meets the qualifying requirements for a 0% exempt entity)
What are the conditions to form a Tax Group?
If you operate several entities, you can register as a Tax Group. If the parent company holds at least 95% of the share capital and voting rights of the subsidiaries. Neither the parent company nor any of the subsidiaries can be an Exempt Person/ Free Zone Person that benefits from the 0% Corporate Tax rate. Under a Tax Group, the parent company will be responsible for the administration and payment of Corporate Tax on behalf of the tax group
Corporate Tax Resources
This Decision specifies administrative penalties that will be imposed by the FTA for violations related to the Corporate Tax Law effective as of 1st August 2023.
If a Qualifying Corproate Tax Free Zone Person fails to meet any of the conditions or makes an election to be subject to the regular CT regime, it will be subject to the 9% corporate tax rate.
Operate & Free Zone and wish to maximize the eligible benefits & reduce compliance risks. We can provide a free consultation to ensure your business is optimizing for Corporate Tax Law.
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If you require a go to company for your accounting, invoicing needs and VAT registration service to help you through all the challenges set by the Authorities – They are amazing and so helpful and supportive. They set everything up, gave great training and support throughout. As a small business the help and support from someone who is experienced is a huge relief and an asset to any organisation.
Simply Solved is the partner you need to get your tax registration done and get the administrative tasks of accounting done in a timely and professional manner. Their dedicated account managers make the whole effort easy and painless.
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I have been detailing with your company since day 1 of FTA vat in UAE that’s 1st Jan 2018
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