A Complete Guide to Corporate Tax Registration in Dubai, UAE
A Complete Guide to Corporate Tax Registration in Dubai, UAE
Blog Article
The UAE's implementation of corporate tax is a big step towards conforming to international tax norms while preserving corporate expansion and openness. Comprehending and adhering to the new standards is essential, regardless of your company's size. We at RVG Chartered Accountants provide comprehensive assistance for corporate tax registration in Dubai and throughout the United Arab Emirates.
What Is Corporate Tax in the UAE?
A direct tax levied on a company's net profit is called corporate tax. Companies in the United Arab Emirates must register and abide by Federal Decree-Law No. 47 of 2022, which describes the corporate tax structure, as of June 1, 2023. When the taxable income exceeds AED 375,000, the standard tax rate is 9%.
Who Needs to Register?
The following organisations must register for corporate tax, per the UAE Ministry of Finance:
-Free Zone and Mainland Businesses
-International companies with a long-term presence in the United Arab Emirates
-Non-residents earning money in the United Arab Emirates
-Foreign company branches
Why Choose RVG Chartered Accountants?
We at RVG are aware of how difficult tax compliance may be. Our services for corporate tax registration guarantee:
-Accurate evaluation of your eligibility and business structure
-Compiling and submitting all necessary paperwork through the EmaraTax site
-Prompt TRN issuance to prevent fines
-Continuous tax assistance for filing, changes, and compliance
Key Steps in Corporate Tax Registration:
-Document Gathering: Financial statements, trade licenses, MOAs, owners' Emirates IDs, etc.
-Eligibility Review: Find out if your company qualifies for registration.
-Application Submission: Use the EmaraTax portal to submit your application.
-TRN Issuance: After being approved, you will be issued your Tax Registration Number (TRN).
Documents Required:
-Copy of a Trade License
-MOA/AOA
-Copies of the owners' passports and Emirates ID
-Management accounts or audited financials
-Company and authorised signatory contact information
Deadline & Penalties:
Based on the dates of licence issuing, the Federal Tax Authority (FTA) has established precise registration deadlines. An administrative fine of AED 10,000 could be imposed for not registering before the deadline.
Get Started with RVG Today!
Make sure your company abides with the most recent tax laws in the UAE. At RVG Chartered Accountants, our staff is available to streamline the procedure and provide dependable assistance at every stage.
Contact us: +971 543025868
WhatsApp us: https://wa.me/971543025868
Website: https://rvguae.com