The Uae Corporate Tax pre-registration process has opened for certain companies and entities as per an update from the Federal Tax Authority (FTA). Businesses that come within the scope of this notification are required to register for UAE corporate tax in line with the guidance issued by the FTA. This is an early registration requirement and you need to determine whether your business is required to register now or at a later stage.

It is advisable to seek help from corporate tax consultants in Dubai to determine whether this notification applies to your business. The consultants can also guide you on how to register for UAE corporate tax through the EmaraTax platform. This blog will discuss the key aspects of the requirements regarding the process of UAE corporate registration on the EmaraTax platform. Read on to gain more insights:

Who Can Carry Out the UAE Corporate Tax Early Registration?

As per the FTA, companies with a financial year starting from January 2023 are required to register for the UAE corporate tax now. The FTA will send an invitation to those companies via email and SMS so they can register for UAE corporate tax through the EmaraTax platform.

What Is the Timeline for Early Registration?

The specific companies that received the FTA invitation can conduct the early registration during the January 2023- May 2023 period. Tax agents in Dubai can help companies with corporate tax preregistration.

When Can the Other Companies Register for UAE Corporate Tax?

After the pre-registration phase, the FTA will announce a date on which the other companies and businesses can register for corporate tax in the UAE. Once the FTA will announce the registration date, companies and businesses with a financial year starting on June, 1st 2023 will be given priority. The FTA has said it will give adequate time for companies and businesses to apply for registration and meet their legal obligations.

It will apply to companies that fall within the scope of the UAE corporate tax, including the free zone companies. Businesses will have to register even if their taxable income is below the threshold of AED 375,000 per annum. Businesses that are exempt will also have to register for the UAE corporate tax to enjoy the benefits of the exemption. Corporate tax advisors in Dubai can help you with the registration process.

Should Companies Register for VAT Register for UAE Corporate Tax?

The process of UAE corporate tax registration is distinct and independent of VAT registrations. Therefore, VAT-registered companies should register for corporate tax in the UAE if they fall within the latter’s scope.

How to Register for UAE Corporate Tax through the Emaratax Platform?

Relevant businesses are required to make their UAE corporate tax registration through the EmaraTax platform. The registration can be expedited if you carry it out through corporate tax advisers in Dubai. You can register for corporate tax in the following steps:

1. Make a login into the EmaraTax account using your login credentials or using UAE Pass. If you do not have an EmaraTax account, you can sign-up for an account by clicking the ‘sign up button
2. On successful login, the Taxable Person list screen is displayed. It displays the list of the Taxable Person linked to your EmaraTax user profile. If there are no Taxable Person linked to your user profile, this list will be empty and you would need to create a Taxable Person.
3. Click ‘Register’ on the Corporate Tax tile within the Taxable Person dashboard to initiate the Corporate Tax registration application
4. A screen will appear with guidelines and instructions. Read the guidelines and instructions for CT Registration and mark the checkbox to confirm
5. Click ‘Start’ to initiate the CT Registration application
6. Select the Entity Type of your business from the list in the entity details section. Note that the input fields in this section may vary based on the entity type selected.
7. After completing all the mandatory fields, click ‘Next Step’ to save and proceed to the ‘Identification Details’ section.
8. Depending on the ‘Entity Type’ selected, you are required to provide the main trade license details in the identification details section.
9. Click on ‘Add Business Activities’ to enter all the business activity information associated with the trade license. Enter the mandatory business activity information and click on Add
10. Click on ‘Add Owners’ to enter all the owners that have 25% or more ownership in the entity being registered. Enter the mandatory owner information and click on Add
11. Select ‘Yes’, if you have one or more branches, and add the local branch details. For each branch, enter the trade license details and associated business activities and owners list
12. After completing all mandatory fields, click ‘Next Step’ to save and proceed to the ‘Contact Details’ section
13. Enter the registered address details of the business
14. After completing all mandatory fields, click ‘Next Step’ to save and proceed to the ‘Authorized Signatory’ section
15. Click ‘Add Authorized Signatory’ to enter the Authorized Signatory details
16. After entering the required information for an Authorized Signatory, click ‘Add’
17. After completing all mandatory fields, click ‘Next Step’ to save and proceed to the ‘Review and Declaration’ section
18. After carefully reviewing all of the information entered on the application, mark the checkbox to declare the correctness of the information provided in the application
19. Click ‘Submit’ to submit the Corporate Tax Registration application

Register through the Best Corporate Tax Consultants in Dubai

Companies invited for early registration should register for the UAE corporate tax in line with the FTA’s guidelines. Other companies can prepare for the registration with the help of corporate tax consultants in Dubai such as Jitendra Chartered Accountants (JCA). JCA’s corporate tax consulting services in Dubai cover CT Assessment & Advisory Services (one-time or retainer basis), CT Compliance Services & CT Agent Services to Represent to Federal Tax Authority (FTA) of UAE in case of any notices served by FTA. Ensure corporate tax compliance and avoid relevant penalties by availing of JCA’s corporate tax services in Dubai, UAE. Talk to our consultants for tax solutions that you can count on.