Since the implementation of corporate tax, it has become mandatory for all businesses to register for corporate tax in the UAE. Some essential documents required for corporate tax registration in UAE must be uploaded on the FTA online portal. It is extremely important to upload all the required documents correctly and timely. Alpha Auditing offers time efficient corporate tax registration services in UAE.
List of Documents Required for Corporate Tax Registration
- Copy of valid Trade License
- A valid passport copy of the owner, shareholders, partners
- A valid Emirates ID of the owner, shareholders, partners
- Memorandum of Association (MOA) or Article of Association (AOA)
- Contact details of the concerned person (Email – Phone Number)
- Complete contact details of a company such as location address, P.O.Box
- Corporate Tax period
As stated earlier, it is important for all the business to register for corporate tax under Emaratax. FTA has also announced fines and penalties for businesses failing to register in time. A fine of AED 10,000 will be imposed on companies failed to register for corporate tax.
Do you need to register for Corporate Tax?
FTA has provide clear guidelines for the businesses who must register and the rates on taxable income.
- If your taxable income is up to AED 375,000 – 0% corporate tax rate applies.
- If your taxable income is above AED 375,000 – 9% corporate tax rate applies.
- If you are running a multinational organization subject to OECD Base Erosion and Profit Sharing laws that belong within pillar 2 of the BEPS 2.0 framework such as combined worldwide revenues exceeding AED 3.15 billion – 15% corporate tax rate applies.
Looking for Corporate Tax Registration Services?
Alpha Auditing offers efficient corporate tax registration services in the UAE. Our tax experts understand the requirements of UAE corporate tax. We ensure that all our clients comply with UAE tax laws and fulfill the requirements in time. We compile all the documents required for corporate tax registration in UAE and upload them one the FTA portal. If you are looking for corporate tax registration services, contact us now.
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