The Federal Tax Authority (FTA) has announced that early registration for UAE corporate tax is now open for certain companies and entities. This is a requirement for companies with a financial year starting from January 2023, and they will need to register through the EmaraTax platform.
The deadline for early registration is May 2023, so companies need to act quickly to ensure that they are compliant. If they do not register by the deadline, they may face penalties.
The registration process is relatively straightforward, and companies can use the help of corporate tax advisors in Dubai to complete it. The key steps involved are:
- Log in to the EmaraTax platform.
- Click on the “Corporate Tax” tile.
- Click on the “Register” button.
- Enter the required information about your company, including your entity type, trade license details, business activities, owners, and contact details.
- Add an authorized signatory.
- Review and submit your application.
Once your application is submitted, the FTA will review it and notify you of their decision. If your application is approved, you will be able to start filing corporate tax returns.
Companies should take advantage of the early registration period to ensure that they are compliant with the new UAE corporate tax rules. By doing so, they can avoid penalties and get ahead of the curve.
Here are some additional benefits of registering for UAE corporate tax early:
- You will have more time to prepare your records and documentation.
- You will be able to start filing corporate tax returns sooner.
- You will be able to take advantage of any tax breaks or exemptions that may be available.
If you have any questions about UAE corporate tax or the early registration process, please contact a corporate tax advisor in Dubai. They can help you understand your obligations and ensure that you are compliant.