The UAE has urged companies in the country to register for corporate tax in the country.
The UAE’s Federal Tax Authority (FTA) called on Public Joint Stock Companies (PJSCs), Private Shareholding Companies (PSCs), limited liabilities companies and private companies resident in the UAE to register for Corporate Tax.
The call is especially important for UAE companies and juridical persons with taxable income whose financial year started on June 1, 2023, as the Corporate Tax Law applies to financial years beginning on or after that date.
UAE Corporate Tax 2023
The FTA has been gradually opening up Corporate Tax registration since January 2023, and in May 2023, it opened registration to PJSCs and PSCs.
The FTA has committed to providing taxpayers with sufficient time to complete registration and meet their legal obligations, and it will prioritise Taxable Persons whose financial year started on June 1, 2023 as part of its strategy to ease the registration process.
Registration is available on the EmaraTax portal at all times on the FTA’s website.
The Corporate Tax registration process can be done in four clear and simple steps, taking no longer than 30 minutes.
A video containing detailed guidance on the Corporate Tax registration process via EmaraTax portal is available on the FTA’s website.
The EmaraTax platform has been designed based on international best practices to facilitate seamless tax registration, tax return filing and payment for all users.
Taxpayers who are already registered for VAT and Excise tax can log in to their tax account on the EmaraTax portal.
They will then need to select the Taxable Person, select the option to register for Corporate Tax and proceed with completing the registration form and providing required documentation.
Once the application is approved, a Tax Registration Number for Corporate Tax will be issued.