The United Arab Emirates (UAE) has introduced a mandatory corporate tax system that applies to all companies. Registration can be done either online for free or through a tax advisor who charges a fee for this service. In this guide, I will explain how to complete your corporate tax registration through the official website of the UAE Tax Authority, as well as the basic aspects of accounting and the costs of using a tax advisor.
Step-by-step guide to corporate tax registration
-
Accessing the Tax Authority website: Visit the UAE Tax Authority website at tax.gov.ae .
-
Creating an account: If you don't have an account yet, you must first register. Click on "Register" and enter your company details. You will need your trading license and other company details.
-
Login: After registration you can log in with your access data.
-
Filling out the application form: After logging in, navigate to the Corporate Tax Registration section. Complete the application form completely. This includes information about your company, such as company name, license number and contact information.
-
Review and submission: Carefully review all entered data and submit the form. After successful submission, you will receive a confirmation email.
The entire procedure is free of charge if you do it yourself online.
Use of a tax advisor
As an alternative to filing yourself, you can hire a tax advisor to do this task for you. The cost of this service ranges from AED 750 to AED 1,500. A tax advisor can be particularly useful if you are not comfortable with the filing process or want to make sure that all the information is correct and complete.
Accounting in the UAE
In addition to registering for corporate tax, proper accounting is essential. You can do the accounting yourself or hire a tax advisor to do it.
-
Self-employed accounting: If you have basic accounting knowledge, you can do the accounting yourself. It is important that all financial transactions are accurately documented and receipts are kept.
-
Accounting by a tax advisor: A tax advisor can not only help you with the corporate tax registration but also take care of the ongoing accounting for your company. The cost of these services is around AED 12,000 per year for around 30 entries. A tax advisor will ensure that all entries are made correctly and on time and can give you valuable advice on tax optimization.
Important information on corporate tax registration
- Compulsory registration: Corporate tax registration is mandatory for all companies in the UAE. Failure to do so may result in fines and legal consequences.
- Documentation requirement: Keep all relevant documents and receipts carefully ready, as the tax authorities may request proof.
- Meet deadlines: Be sure to meet all deadlines for filing tax returns and payments to avoid penalties.
- Corporate Tax Registration UAE
- Register Corporate Tax UAE
- Corporate Tax Registration UAE
- Tax Advisor Corporate Tax UAE
- Costs Corporate Tax Registration
- Accounting Corporate Tax UAE
- Corporate Tax Registration UAE
UAE PASS is an APP, we also have a post on the site where we introduce the apps. If you have any questions, please feel free to contact us.
Conclusion
Registering for corporate tax in the UAE is a necessary step for all companies. The process can be done online free of charge or by a tax advisor for a fee. In addition to registration, proper accounting is important, which can be done either independently or by a tax advisor. A tax advisor can not only take care of registration and accounting, but also offers support and advice on tax optimization. With the steps and tips mentioned above, you are well equipped to successfully complete your corporate tax registration.
Use this guide to ensure that your company meets all legal requirements and is optimally positioned.