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Registration Requirements of Corporate Tax in UAE

Corporate Tax in UAE and its Registration Requirements

Corporate Tax in UAE

The UAE is known for its stringent rules and regulations, but it has a business-friendly environment and tax policies.

Recently, the UAE changed its corporate tax regulations, and you must check them out. Whether you are an individual or a business entity, you need to check this out if you are a taxable person.
If you have any questions, you can always contact us.

Understanding Corporate Tax in UAE

If you have heard that the UAE is a tax-free country, you are right. However, this changed in 2017 when the UAE government introduced the Federal Decree-Law No. 7 of 2017 on Tax Procedures, laying the groundwork for implementing Value Added Tax (VAT) in the country. In recent developments, the UAE has introduced a federal corporate tax that applies to all businesses and commercial activities, except for certain exceptions.

Corporate Tax Rates

Corporate tax in the UAE applies to entities and individuals based on their income. The rates are shared below for different income slabs:

  • Income up to AED 375000- 0% Corporate tax
  • Income over AED 375000- 9% Corporate tax.
  •  In the case of multinational companies having a combined worldwide revenue of more than AED 3.15 billion- 15% Corporate Tax.

Documents Required for Corporate Tax Registration

You must submit the required documents to the UAE Federal Tax Authority for corporate tax registration. Here is a list of the complete documents:

  • Copy of Trade Licence (Should be valid)
  • Passport copy of owners, partners, or shareholders who own the trade license.
  •  Emirates ID of owners, partners, or shareholders who own the trade license.
  • MOA and AOA, in the case of a company
  • Contact details of the persons concerned.
  • Contact details of the company.
  • Corporate Tax period

If you are a business entity or an individual who falls under the criteria, you must submit the documents mentioned above in time to avoid penalties.

Due Dates for Corporate Tax Registration

On March 1, the FTA announced the new due dates for corporate tax registration. Check these out to avoid penalties.

License Issue Month –   License Renewal Month  Deadline
January or February May 31, 2024
March or April June 30, 2024
May  July   31, 2024
June  August  31, 2024
July  September 30, 2024
August or September  October  30, 2024
October or November  November  30, 2024
December  December 31, 2024

Applicability of Corporate Tax Registration

Apart from resident companies, the corporate tax registration rules are applicable to: 

  • Any company, including those in the free zone, established on or after March 1 must register within three months of its establishment.
  • A company that was originally incorporated overseas but has its present control and management in the UAE should be registered within three months of the end of its financial year.
  • A company originally established outside the UAE but now operating from the UAE should register within nine months of commencing operations in the country.
  • An overseas company relocating to the UAE on or after March 1 must get itself registered within six months of their relocation.

Corporate Tax Registration at Clever Corp

Do not let the commercial jargon confuse you. Many companies are confused about whether or not they need to register for corporate tax after the implementation of the new rules.
If you are also one of them, contact us at Clever Corp today. We excel in handling all company and tax registrations in the UAE.
Allow us to help you with it. Contact us today!

Frequently Asked Questions

Every resident company established or incorporated in UAE must register for corporate tax before the deadlines.

Yes, there is a penalty of up to AED 10000 if you do not register for corporate tax within the given timeframe based on the date of business license issued.

The FTA can ask certain exempt entities to register for corporate tax.

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