Introduction

While Dubai is considered a tax haven for corporations, it is not completely free of tax as it used to be. Though it was tax-free initially, the Ministry of Finance, UAE, announced a new corporate tax in January 2022. The tax became applicable on 1st June 2023. The tax applies to companies incorporated or effectively managed in the UAE on worldwide income and non-resident persons on UAE-sourced income or through permanent establishments (PEs). To effectively pay the tax liability, it is crucial to have corporate tax registration in UAE.

How To Get Corporate Tax Registration In UAE

As mentioned already, corporate tax registration in UAE is a very crucial step in ensuring compliance with corporate tax in Dubai. The registration is done under the Federal Tax Authority (FTA). If you are new to it, there is nothing to worry about; it can be easily done on FTA’s online platform, EmaraTax. Here is how you can do the same:

• You can easily register on EmaraTax by using your Emirates ID and UAE PASS.
• Alternatively, you can also create a unique user ID for your corporate tax registration.
• For that, you will need to provide your business trade license to the authorities. 
• You, as the business owner, will also need to provide your personal identification to the authorities.
• Once you have provided all valid information, the government will verify it all through UAE PASS and the UAE Central Bank for security.
• Once the verification is completed, you will be registered on the FTA’s EmaraTax.

Once your corporate tax registration in the UAE is done, you are all set to start paying tax.

How to Pay Corporate Tax Online in Dubai?

As per the corporate laws, you are required to maintain audited accounts and pay the liable tax within nine months of the fiscal year. For that, you should take the help of the best tax consultants in UAE. They have the required expertise and extensive knowledge in the field, and they will be able to best guide you. It will ensure competitive tax planning while also staying in compliance with the law.

• When you need to pay tax, start by logging in to the EmaraTax using your registration credentials. 
• As you log into the EmaraTax platform, you will be able to see the tax dashboard.
• The dashboard is your control panel for VAT, excise tax, and corporate tax.
• The dashboard will also show you various crucial information, such as reminders, submission statuses, and quick links to forms.
• Depending on your tax liability, select the correct form and fill it with relevant information. If you are not sure about it, take assistance from your tax consultants in the UAE.
• Once you have filled the form, hit the submit button. 
• After submission, the system confirms the submission and gives you the option to track the progress.
• Another crucial part of the process is making the payment. It is through a secure channel, and each payment carries a unique reference number that you can use to track it. 
• The payment confirmation is also downloadable and printable for your documentation.
• If, after payment, you realize that you have overpaid, you have the option to apply for a refund.
• After verification of the claim, your refund will be processed.

The whole tax payment process on the EmaraTax platform is simple. In fact, you can also add your team members, as the platform allows for multiple users under the same company registration. In that case, you have access to secure messaging, step-by-step guides, and multilingual support.

However, despite the ease of the procedure, it is normal to feel intimidated or overwhelmed. It is therefore better to approach a professional. The best tax consultants in UAE have the required knowledge and expertise to navigate the whole process swiftly, without making any mistakes.

Benefits Of Hiring The Best Tax Consultants In UAE

While to many it may seem excessive to appoint a consultant for Corporate Tax Registration in UAE and the tax payment procedure, the benefits of having one are many:

• They have the required knowledge and expertise in the field.
• They usually have a team of professionals working with them, so you don’t have to wait long hours to get results.
• They have easy-to-follow procedures, with almost nothing left for you to handle.
• They are great at communicating, ensuring that all your doubts are addressed and that you are kept updated about everything.

Conclusion

Getting corporate tax registration in UAE is a crucial aspect of staying in compliance with Dubai’s corporate laws. While the process is straightforward, it is always best to get it done by a professional. There are several professionals, but remember to choose only from the best tax consultants in UAE to ensure the best work. They will take care of all the formalities and guide you to make the decision that is right for you and your business.

Disclaimer: The information provided in this article is for general informational purposes only and should not be considered as professional tax or legal advice. Repurtech is not responsible for any decisions made based on this content; please consult qualified tax professionals for personalized guidance.