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Federal Tax Authority Opens Pre-Registration for Corporate Tax

This blog provides a brief guide to pre-registration using the EmaraTax platform in the UAE. It explains how businesses can use the platform to pre-register for taxes, including corporate income tax, value-added tax (VAT), and excise tax. The blog outlines the benefits of pre-registration, including being able to access tax services and information, and provides step-by-step guidance on how to complete the pre-registration process using the EmaraTax platform. Overall, the blog aims to help businesses understand the benefits of pre-registration and how to use the EmaraTax platform to streamline the process.

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With the aid of EmaraTax platforms’ digital tax services, the Federal Tax Authority (FTA) has initiated an early registration period for corporate tax. 

This early registration corresponds to Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, which requires the Taxable Persons to pay Corporate Tax from June 01st onwards, which would ideally be the beginning of their first financial year.

The following are key FTA indicators to be mindful of throughout the early registration process:

  • The authority has reminded that, due to categorization, a chosen set of UAE companies will be exposed to the early registration period for 5 months (January - May 2023). 

  • FTA will invite these selected companies using email and SMS, which will then follow the process of registering through the EmaraTax platform. https://tax.gov.ae/en/emaratax.aspx

  • After some time, FTA will announce the date for the other companies and businesses to register. FTA will allocate enough time to register and meet legal obligations.

  • One crucial factor to note is that the companies and businesses starting their financial year from June 01st, 2023, will be given priority once the registration opens. 

  • The authority is open to feedback and suggestions during this process to enable continuous improvements and changes for the procedure's success.


Below are a few testimonials by FTA Director General His Excellency Khalid Ali Al Bustani  on UAE Corporate Tax:

 

FTA Director General His Excellency Khalid Ali Al Bustani said: “Since the announcement of corporate tax in the UAE, the Federal Tax Authority has intensified its efforts, in collaboration with the competent authorities, to develop procedures to implement it in accordance with the highest standards and to ensure the efficiency, accuracy, and seamlessness of administrative procedures, in a way that will not impact business operations and flow. 


The Authority prioritizes supporting all business sectors to comply with tax regulations and procedures through flexible mechanisms that align with international best practices.”

                     

The FTA will provide more information on the corporate tax registration process in the future. In the meantime, for further details on Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses

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