Guide to Corporate Income Tax Filing in UAE

The UAE corporate tax system is unique to businesses; thus taxable persons need to understand the requirements for filing their corporate income tax returns. Taxable persons should avail of the services of accredited tax consultants in UAE to file their returns seamlessly and to stay compliant with corporate tax regulations and standards.  

Corporate Income Tax Filing in UAE

All companies operating in the UAE, including those that are exempt from corporate tax, are required to file their tax returns. The process of business tax filing in the UAE involves several steps, thus taxable persons must comply with corporate tax standards to avert fines for noncompliance.

Step 1: Obtaining a Tax Registration Number (TRN)

The first step for UAE corporate tax filing is to obtain a Tax Registration Number (TRN). The TRN is a unique identification number that is assigned to every business in the UAE. Companies can apply for a TRN through the Federal Tax Authority's (FTA) online portal. To apply for a TRN, companies need to provide information such as their trade license number, legal entity name, and contact details.

Step 2: Keeping Accurate Records

Once a company has obtained a TRN, it is important to keep accurate records of all financial transactions. This includes maintaining records of income, expenses, and assets. Companies are required to maintain these records for a minimum of five years, and they must be available for inspection by the tax authorities.

Step 3: Preparing the Tax Return

Further, it is imperative for taxable persons to prepare the tax return. Companies need to ensure that they have all the necessary documents and information required to prepare their tax return accurately. The FTA provides a tax return form on its online portal, which companies can use to file their returns.

Step 4: Submitting the Tax Return

After preparing the tax return, companies need to submit it to the FTA. The tax return can be submitted online through the FTA's portal. Companies need to ensure that they submit their tax returns before the deadline to avoid any penalties.

Read more: How corporate tax law will impact Free Zone Businesses in UAE?

Deadlines for Corporate Tax Filing

Companies in the UAE are required to file their tax returns annually. The deadline for filing the tax return is different for each company, and it is based on their financial year-end. The deadline for filing the tax return for companies with a financial year-end of 31 December is 31 March of the following year. However, companies with different financial year-ends have a different deadline, which is calculated as follows:

  • If the financial year-end is between 1 January and 31 March, the deadline is 28 April.
  • If the financial year-end is between 1 April and 30 June, the deadline is 28 July.
  • If the financial year-end is between 1 July and 30 September, the deadline 

Read more: How will corporation tax returns be filed

Choose UAE tax consultants 

It is advisable for taxable persons to avail of the services of accredited tax consultants in the UAE to file their returns seamlessly and to stay compliant with corporate tax regulations and standards. Thus, contact us today and we shall be glad to assist you. 

Mohammad Alkhatim

Mohammad is a qualified legal consultant with over 5 years of experience gained in diverse intricate tax matters, he has high expertise in conducting tax negotiations and investigations with the Federal Tax Authority and other external Tax Bodies. He has vast experience in reviewing and drafting tax documents. Mohammad has also advised on a plethora of tax matters, he draws much attention to tax filing procedures and to offering professional investigations of underlying tax complexities.

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