Corporate Tax Return Filing in UAE

If you’re running a business in the UAE, it is mandatory to file for Corporate Tax Return to comply with the tax regulations and avoid penalties. The Federal Tax Authority issues the timeframe for the submission of corporate tax returns and the taxpayers must be aware of it and file for return before the deadline.

Taxpayers can file corporate tax returns through the EmaraTax Platform. 

What is the process of Corporate Tax Return Filing?

In the UAE, Corporate Tax Return Filing is the process of submitting a comprehensive report that outlines the income, transactions, and expenditures of a business, to the relevant tax authority. The corporate tax return is filed by the taxable persons for a particular tax period detailing the tax liability and payment information, within the due date given by the tax authority.

If the authority requests any additional information documents or records, taxable persons are responsible for providing the documents.

Things to consider for Corporate Tax Return filing 

  • All businesses must register for corporate tax and get a TRN number. Exempt persons may also be required to register for corporate tax upon request from the Federal Tax Authority.
  • According to tax regulations, you need to pay a penalty for delayed payment.
  • If the withholding tax credit is higher than the tax liability, businesses can claim a refund from the tax authority.
  • If you are eligible for a refund, you can apply to the Federal Tax Authority (FTA) by submitting an application based on the specified procedure. The FTA will assess the application within 20 business days from the date of submission.
  • Businesses in UAE with taxable income above AED 375,000 will be subject to corporate tax at the rate of 9% and businesses with taxable income below AED 375,000 will be 0%.
  • Corporate taxation is applicable to both local and foreign businesses operating in the UAE.

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What is the procedure for Corporate Tax Return Filing in UAE?

The process of filing corporate tax returns in UAE includes,

  • Tax Registration: Obtain a tax registration number (TRN) from the FTA by applying through the EmaraTax platform.
  • Record Maintenance: Maintain accurate records of all business transactions and tax-related documents according to the CT regulations.
  • Corporate Tax Return Preparation: Prepare a tax return based on the records and calculate taxable income by considering the tax deductions and exemptions under UAE CT law.
  • Tax Audit: Conduct a tax audit to assess financial records, calculate liability, and ensure compliance.
  • File Corporate Tax Return: Submit tax return application to the FTA through an online platform, EmaraTax, on or before the deadline.
  • Tax Payment: Make the payment of tax liability based on the filed tax return, on or before the due date.

*The FTA may request additional documents to substantiate the preciseness of the tax return filed.

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What are the documents required for filing corporate tax returns?

The corporate tax in UAE is calculated based on the net profit reflected in the financial statements of a business. For accurate calculation of tax liability, it is important for businesses to organize and maintain their financial documents 

Here are the documents that are required for corporate tax filing in UAE:

Financial Records or Statements 

  • Receipts to Claim Deductions
  • Computation of Taxable Income
  • Evidence Exemption Status
  • Business Loan Documents 
  • Transfer Pricing Records
  • Records of Foreign Tax (If necessary)
  • Information on Transactions Involving Relatives

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Timeline for Corporate Tax Return Filing

A taxable person can file for a corporate tax return within 9 months from the end of the relevant tax period and make the payment to the Federal Tax Authority (FTA). 

For example, for businesses with a tax period beginning on June 1, 2023, the deadline for return filing will be February 28, 2025, and for businesses with a tax period beginning on January 1, 2024, the deadline will be September 30, 2025. 

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FAQ

Is it mandatory for all businesses in the UAE to file corporate tax returns?

Yes, all businesses despite their income and status should file corporate tax returns.  

Do Free Zone companies need to file for Corporate Tax Returns?

All Free Zone companies including Qualifying Free Zones should register and file for corporate tax in the UAE.

Should businesses with very low- or no-income file for CT returns? 

All Taxpayers are required to file a Corporate Tax return, irrespective of the income level or the status of the company.

What is TRN? 

Tax registration number is essential for all the businesses in UAE to perform tax-related activities. It is a 15- digit unique number issued by the Federal Tax Authority (FTA), and it is mandatory for VAT and Corporate Tax transactions.

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