Corporate Tax refers to the tax implemented on profits on income of businesses. Corporate Tax Registration is the process for registering your business if the tax is applicable considering categories given by Federal Tax Authority (FTA). Emaratax Platform is introduced by the FTA, to make it easy for the eligible persons to register for their Corporate Tax with ease. The tax obligations in UAE may seem very difficult but this platform has made things very easy for the user. The corporate tax has become an integral part for businesses in UAE to ensure a clear compliance with rules and regulations. It will help with the growth of businesses as well as the country’s growth. The registration process has become seamless because of Emaratax and it does not require any professional degree to work with. The filing process is made very easy through this platform. This blog will focus on step-by-step registration process on Emaratax Platform. If you aim for your corporate tax registration in Dubai, this process will help you without causing any hassle.
Step-by-step Registration Process for Corporate Tax on Emaratax Platform
- The first step is to register yourself on the Emaratax Platform as a taxable person. Log in to it first using your credentials, you can use your UAE pass too. Once you are logged in, you will enter the user dashboard. On first use the list will for taxable persons will be empty, you will click at “Create” to add a new taxable person profile.
- After your profile is created, click on “Register” to start your registration application process. Once you do this the screen will display guidelines and other important instructions, read the instructions carefully and click on “Confirm.”
- After agreeing to the instructions click on “Start” to begin your registration process.
- Now select your “Entity Type” of your business from the displayed list of different entities section. The registration is available in the entity and its types. This includes different categories of persons that are eligible for corporate tax registration.
- If in case, you want to stop at this step and carry this process later you can click on “Save as Draft” and continue with the registration process later.
- Once all credentials and other mandatory information is filled, click on “Next Step” to save your applications to the section “Identification Details.”
- You will be provided with the main trade license details in this Identification Details section based on your selected entity type.
- Now click on “Add Business Activities” to add the details of activities which are related to the trade license.
- You will have to add mandatory business activity details and click on “Add” button. Confirm carefully that all the relevant information is added, now an “activation code” will be displayed on the screen.
- Once you receive the activation code you can click on “Add Owners” and add all the owners who have an ownership of at least 25% or more in the registered entity.
- You will be asked for relevant details of the owner, add these details and click on “Add” button.
- Now if your business has branches more than one, click on “Yes” and add the details of your other branches. For each branch you will have to add details like trade license, related activities and the list of owners.
- Once these mandatory details are filled, click on “Next Step” to save your information and proceed to the next section of “Contact Details.”
- Now add the registered address of your business.
- Click on “Next Step” to save your previous details, the next section will be “Authorized Signatory.”
- Add the details for Authorized Signatory and click on “Add.”
- Now after this step, click on “Next Step” to save your application, once you have saved your application you can proceed to “Review and Declaration”. This will help you confirm your all information added.
- Once you have reviewed it, submit your application formally, marking the “Checkbox” that will assure about accuracy of the information.
- Click on “Submit” button to complete the registration process.
- You will receive a “Reference Number” once the application is submitted successfully.
How can ebs Chartered Accountants help?
ebs Chartered Accountants are professionals when it comes to Corporate Tax Registration UAE, we are providing corporate tax registration services to different businesses. Our experts are approved accountants who will assist you with your Corporate Tax Registration on Emaratax. Complete guidance will be provided in accordance with your business. Our team will help you gather all the important documents required for your registration. We will make sure that your registration is done with complete compliance and ease. We will provide step by step guidance and in case of any issues occur our experts will be available at any time assuring your registration is done on time and there are no penalties or fines imposed. Contact us to avail our expert services today.
FAQs
How do I register my corporate tax?
Since it has become a slightly older tax, the registration process has become clear. The Emaratax platform has made it very easy for the users to register for their corporate tax. You can do registration by using the user manual as it is open now in the FTA portal.
How secure is my data on Emaratax?
Emaratax is a professional platform, the data is only used by FTA. Emaratax employs state-of-the-art security measures to ensure your information remains confidential.
Can I file corporate tax myself?
Yes, you can file the corporate tax returns of your company. You can also appoint an accountant to prepare and file for your corporate tax. You need to register for the corporate tax electronically and then you can get the notification to file for your corporate tax.