FTA announces new tax deadline from May 2024 and new AED 10K penalty for late registration
Corporate Tax Registration Deadlines Start This May 2024
Get compliant now and avoid tax penalties with free corporate tax registration and our tax & accounting packages.
BOOK FREE CONSULTATIONDon’t guess how much you will pay to be tax compliant. Our pricing is simple, comes with monthly payment options and is tailored to your needs.
We have created several packages with upfront pricing to cover your specific business needs. Get the right package for your business.
Zero Turnover Business
Typically, companies which have residency visas attached to them, but don’t have any active transactions. These cases won’t need to pay corporate tax but will still have to register and file tax returns at the end of their financial year.
These companies should not require VAT services*
Small Businesses
Small businesses will need to register for corporate tax, keep proper accounting records, and file tax returns at the end of their financial year.
This package is for businesses who do not need to file and pay VAT returns*
Small Businesses That Must Pay VAT
Small businesses will need to register for corporate tax, keep proper accounting records, and file tax returns at the end of their financial year. This package is for businesses who do need to file and pay VAT returns* These companies should not require VAT services*
*Any business that exceeds AED375,000 of revenue in any 12 month period must register for VAT. If the business is also making taxable supplies within the UAE, they must file and pay quarterly VAT returns.
Talk to one of our consultants to find out which plan is right for your business
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Who Will Be Subject to Corporate Tax UAE?
All business entities operating within the UAE are subjected to the new tax regime from June 1, 2023, and onwards. The tax calculation of the period of businesses will differ based on how they report their financial year. Not all businesses are ready and many believe they don’t have to do anything. Numerous companies don’t know the steps they should take to comply.
There are 3 steps every business, including free zone companies, must take to comply with the UAE’s new corporate tax law.
To register for corporate tax
To keep proper accounting records
To submit an annual filing with the FTA