Taxable Persons in UAE are required to register themselves for corporate tax with the Federal Tax Authority. To complete this registration process, Taxable Persons are required to submit some relevant documents. Therefore, this article seeks to list the documents required for corporate tax registration. Hence, it is advisable for Taxable Persons to seek the expert services of Tax Consultants in UAE to seamlessly register for corporate tax in compliance with the Corporate Tax Law in UAE.
What is the Corporate Tax Rate in UAE?
A corporate tax is a tax that will be levied at a rate of 9% on the taxable income that exceeds AED 375,000 for businesses in the UAE. The following rates of corporate tax apply to businesses in the UAE:
- A 0% corporate tax rate is applicable on taxable income up to AED 375,000.
- A 9% corporate tax rate is applicable on taxable income above AED 375,000.
Documents Required for Corporate Tax Registration in UAE
For registration of corporate tax purposes, the below list of documents is required:
- Valid trade license copy
- Existing passport copies of the business owner and partners who own the license.
- Valid and existing Emirates ID of all the stakeholders and owners.
- Memorandum of association of the company or the company’s power of attorney
- Contact details of the concerned person: contact number and email ID
- Contact details of the company, mentioning the entire address and P.O. Box
Tax consultants in UAE assist Taxable Persons to prepare and register for corporate tax in compliance with the statutory regulations. After the complete registration of corporate tax in UAE, the business gets its corporate tax registration number from the Federal Tax Authority, which can be used as a reference for all the transactions related to corporate tax in UAE.
Exception from Corporate Tax Registration in the UAE
The following persons are exempted to register for corporate tax in UAE upon meeting certain conditions. These include:
- A government organization.
- A company under government control.
- An individual who conducts an extractive business and satisfies the requirements of the Corporate Tax Law.
- A person who complies with the requirements of Article 8 of the Corporate Tax Law and is engaged in a non-extractive natural resource business.
- A non-resident person who, following Article 13 of the Corporate Tax Law, only receives income from sources within the State and who does not, as defined by the Corporate Tax Law, have a permanent establishment under the Corporate Tax Law.
How Tax Consultants in UAE Can Assist
To seamlessly register for corporate tax in compliance with the Corporate Tax Law in UAE, it is advisable for Taxable Persons to seek the expert services of Tax Consultants in UAE. Thus, contact us today and we shall be glad to assist you.