Registration open- Corporate Tax

FTA opened Corporate Tax Registration

FTA is now inviting businesses to register for UAE Corporate Tax, the registration is opened for two type of legal persons:

• Private Companies including an Establishment.
• Public Joint Stock Companies.
• FTA will announce registration of other legal persons later.

How to Register:
Login to EmaraTax portal, if you do not have an account then create one. The CT Registration is different than VAT Registration. In case of UAECT registration, all businesses are required to register irrespective of its size and location except the exempt business.

Tax Registration process requires some basis knowledge and familiarity with EmaraTax portal. You would be needing information like business legal structure, business and owners key information and legal documents. The process consists of several steps, each step must be completed with required and correct information before the system allow to move to net step. The system also allow you to save the application and complete later.

Login here: https://eservices.tax.gov.ae/

In absence of an inhouse finance team, it is highly recommended to contact  Tax consultants in UAE to provide necessary advisory to complete the tax registration.
What is Next!

Conduct a Tax Assessment:
Tax assessment is like any other assessment of a business with respect to a particular regulatory requirement, however we would rate tax assessment with elevated risk due to its nature. Tax consultants in Dubai or business internal accounting & tax team must conduct a thorough study of the business model, its operations and polices to understand how UAECT will impact and what are the necessary measures to take to improve and optimize tax liability
and compliance.

AGX Assessment process:

1. Assessment and identification:

1. Organization:

• Legal personality and Structure.
• Group structure and tax implications.
• Operating model study.
• Capital Structure.
• Identify restructuring and optimization opportunities.

1. People and Processes:

• Related parties’ identification and impact.

Transfer Pricing rule policies analysis.

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