How to File Corporate Tax in the UAE

Fazil

March 6, 2025

Tax in UAE

Filing corporate tax in the UAE can be complex. With the introduction of the UAE Corporate Tax Law under Federal Decree-Law No. 47 of 2022, businesses must comply with regulations set by the Federal Tax Authority (FTA). This guide provides a step-by-step process for filing corporate tax in the UAE, ensuring businesses stay compliant and avoid penalties. Gateway Accounting provides expert guidance to help businesses navigate this process efficiently.

Understanding UAE Corporate Tax Requirements

Who Needs to File Corporate Tax?

Corporate tax applies to all businesses, including:

Juridical persons operating in the UAE
Natural persons conducting business or professional activities exceeding AED 1 million in 2024
All freezone companies irrespective of having qualifying activity or not

Applicable Tax Rates

0% for businesses with taxable income up to AED 375,000
9% for taxable income exceeding AED 375,000
Special rates for certain industries as per FTA regulations

Steps to File Corporate Tax in the UAE

1. Tax Registration and TRN Acquisition

All taxable entities must register with the FTA through the EmaraTax portal to obtain a Tax Registration Number (TRN). Gateway Accounting assists businesses in seamless tax registration, ensuring compliance with FTA requirements.

2. Maintain Accurate Financial Records

Proper accounting records are essential for tax filing. Businesses should keep accurate financial statements, including:

Income statements
Expense records
Tax adjustments and exemptions
Supporting documents for deductions and credits

3. Preparing the Corporate Tax Return

Tax returns must be filed electronically through the EmaraTax system. The tax return includes:

Taxable Person Details: Pre-populated information based on registration
Elections: Business restructuring relief, small business relief, and foreign permanent establishment exemptions
Tax Computation: Adjustments based on accounting income, taxable income, and applicable deductions

occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum

Key Considerations for Tax Filing

Understanding Tax Return Components

A corporate tax return consists of several sections, including:

Taxable Income Computation – Adjustments to net profit
Tax Credits and Reliefs – Foreign tax credits, group tax reliefs
Schedules for Specific Adjustments – Transactions with related parties, transfer pricing, exempt income, and deferred gains/losses

Deadlines for Filing

The corporate tax return must be submitted within 9 months from the end of the financial year.
Late filing can result in penalties and fines imposed by the FTA.

Common Mistakes to Avoid

Incorrect Taxable Income Reporting – Ensure accuracy in income statements
Missed Deadlines – Always submit returns before the due date
Incomplete Documentation – Maintain proper financial records for compliance

Gateway Accounting specializes in assisting businesses with corporate tax filing, ensuring compliance with UAE tax laws. By registering on time, maintaining accurate financial records, and correctly filing tax returns, businesses can avoid penalties and optimize their tax obligations. For expert tax consultation and streamlined filing services, contact Gateway Accounting today.

Tag Post :

Simplify Your Corporate Tax Filing with Expert Guidance

Ensure compliance and avoid penalties with Gateway Accounting’s corporate tax filing services. Contact us today for expert consultation!