All companies carrying out commercial activities in the UAE are required to register for corporate tax. The corporate tax registration process in the UAE is overseen by the Federal Tax Authority (FTA).
To obtain the first step for corporate tax in the UAE, companies must follow these steps:
1. Obtain a Tax Registration Number (TRN) by submitting an online application on the FTA website. The company will need to provide details such as trade license, memorandum of association, and other relevant documents.
2. Once the TRN is obtained, companies must appoint a tax agent to assist with the tax registration process and compliance requirements.
3. Companies must maintain proper accounting records and ensure compliance with tax laws and regulations as set out by the FTA.
4. Companies must file tax returns annually and pay any applicable taxes within the specified deadline. It is important for companies to comply with tax laws in the UAE to avoid penalties and ensure smooth operations. It is recommended to seek assistance from tax professionals, such as Chrysalis to navigate the corporate tax registration process in the UAE.
Even if your company is established in a UAE Free Zone, 0% Corporate Tax relief, is not automatically granted, but rather requires specified conditions after the company is registered for Corporate TAX.