+971 52 573 3730Corporate Tax Registration Service In UAE
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KCG Consultancy [Part Of Kaizen Core Group]
Corporate Tax Registration For Your Company @ Aed 500
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What Is Corporate Tax?
Corporate tax is a form of direct tax levied on the net income or profit of corporations and other business entities. It is also commonly known as ‘Corporate Income Tax’ or Business Profits Tax.’ In simple words, it is a tax levied on the net profit made by the businesses. It requires companies to pay a certain percentage of profit as tax.
Under the corporate tax regulations in the UAE, businesses whose taxable profit (net) exceeds 375,000 AED are subject to corporate tax. They are obligated to pay a specified percentage of their net profit as corporate tax to the government. The exact percentage depends on the applicable tax rates set by the authorities.
Tax Rates For The Corporate Tax
The corporate tax rates applicable in the UAE are as follows:
- A 0% tax rate for taxable income up to AED 375,000.
- A 9% tax rate for taxable income exceeding AED 375,000.
A 15% tax rate for multinational corporations subject to OECD Base Erosion and Profit-Sharing (BEPS) laws within Pillar 2 of the BEPS 2.0 framework, with combined worldwide revenues exceeding AED 3.15 billion.
Are You Obligated To Register For Corporate Tax In UAE?
The persons are obligated to register for the Corporate Tax i UAE are as follows:
- UAE-based entities (including Free Zone entities) such as private or public joint stock companies or limited liability companies established or recognized under UAE laws.
- Non-UAE entities that are effectively managed and controlled within the UAE, even if they are incorporated outside the UAE.
- Non-resident entities with a Permanent Establishment in the UAE or earning income from UAE sources falling within the scope of Corporate Tax.
Documents Required for CT Registration
- Copy of Trade License (must not be expired).
- Passport copy of the owner/partners who own the license (must not be expired).
- Emirates ID of the owner/partners who owns the license (must not be expired).
- Memorandum of Association (MOA) – Or – Power of Attorney (POA)
- Concerned person’s contact details (Mobile Number and E-mail).
- Contact details of the company (complete address and P.O. Box).
- Corporate Tax Period
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