The new corporate tax laws are applicable in UAE from 1st June 2023. It means that corporate tax applies to companies from the financial year starting on or after 1st June 2023. Under the corporate tax laws, UAE businesses need to follow the below administrative requirements:
- Register or deregister for corporate tax
- Pay the liable corporate tax amount
- File corporate tax returns
Before the actual effective date of the corporate tax, businesses must prepare for it. One of the critical elements of preparation is to register for corporate tax online.
Under the UAE corporate tax registration rules, all companies must register for corporate tax, whether 0% or 9% tax applies to them. Even exempt entities need to register for the corporate tax to get exemption benefits.
To ensure that companies do not face problems in corporate taxation compliance, the FTA has developed procedures for its smooth implementation. It has released an early corporate tax registration procedure for specific categories of companies. Other companies can register once the early registration phase is over. Companies can register for corporate tax online through the EmaraTax platform.
Companies receive a corporate tax registration number or an ID on corporate tax registration number, which will be a unique number for your company. You must use this number on all your tax-specific documents and tax returns.