The introduction of Corporate Tax in the United Arab Emirates (UAE) has brought about a new set of regulations for businesses operating in the region. At ICB, we understand that navigating these changes can be challenging.
Navigating corporate tax registration in the UAE can be complex, but the process becomes straightforward and hassle-free with ICB. Our comprehensive corporate tax services ensure that your business complies with all regulations the Federal Tax Authority (FTA) sets forth.
Corporate Tax UAE: An Overview
As for a juridical person that is a Resident Person, including Free Zones Persons, incorporated, established, or otherwise recognized under the applicable laws in the UAE on or after 1 March 2024, must apply to register for Corporate Tax within three months from the date of incorporation, establishment or recognition.
The Federal Tax Authority (FTA) oversees the implementation and administration of corporate tax in the UAE. As of the latest FTA rule, every business operating within the UAE must register for corporate tax, regardless of size or industry. This mandatory registration ensures that all businesses contribute fairly to the nation's economy.
Our team of experienced accountants and bookkeepers possess in-depth knowledge of accounting principles and regulations in Dubai and the UAE. With their expertise, you can trust that your financial records are in capable hands.
We understand that every business is unique. That's why we tailor our services to meet your specific requirements, ensuring that you receive personalized solutions that address your individual needs
At ICB Tax Consultancy, we prioritize reliability and accuracy in everything we do. You can count on us to deliver timely and precise financial reports, giving you peace of mind and enabling you to make informed business decisions.
Our team consists of highly qualified accountants and financial experts with in-depth knowledge of local and international regulations.
Our team consists of highly qualified accountants and financial experts with in-depth knowledge of local and international regulations.
Confirm whether your business is subject to corporate tax based on the FTA guidelines.
Prepare all necessary documents, including trade licenses, financial statements, and identification of shareholders.
Register for an account on the FTA's official portal.
Complete and submit the corporate tax registration application via the FTA portal.
Once submitted, the FTA will review your application and notify you upon approval.
After approval, you will receive a TRN, which must be used in all tax-related transactions.
Certain entities are exempt from corporate tax in the UAE, including
All businesses operating in the UAE must register for corporate tax. Net taxable income exceeding AED 375,000 per year, is required to register for Corporate Tax.
As per the latest FTA regulations, every business in the UAE is required to register for corporate tax. Failure to comply can result in penalties and legal consequences. Businesses must understand their obligations and register promptly to avoid any complications.
Don't navigate the complexities of UAE Corporate Tax alone. Contact ICB today to discuss your specific situation and receive personalized guidance from our tax professionals. We'll ensure a smooth registration process and help you develop a tax strategy that optimizes your financial standing.
Some frequently asked questions here.
We've made considerable strides in the UAE, earning the.
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