Corporate Tax registration request

Do not wait to register your company to the corporate tax.

Upon receipt of your form, we will contact you to organize the registration of your company and allow you to be in compliance. If you have any questions, we will be happy to answer you by email or phone.

Corporate Tax registration request2023-06-16T17:07:50+04:00
From what date will profits be taxed?2023-06-16T16:56:37+04:00

The tax will start to apply on the figures of the 1st financial year of your company, which will start after June 1, 2023. If your financial year, provided for in your articles of association, starts on January 1st until December 31st, then your first tax will only concern the profit generated between January 1st, 2024 and December 31, 2024.

When do we have to declare and pay?

Declarations and payments will be due within 9 months of the end of your financial year. In the example above, this would be the end of September 2025.

Who pays tax and how much?2023-06-16T16:50:17+04:00

Who?

1/ Mainland LLC local companies

2/ Free Zone companies. We are awaiting the Cabinet Decision, as these companies being very important for the Emirates and their activities mainly oriented towards international and export, they may not be taxed. The expected clarification concerns the share of income that free zones generate on the local market, and whether this would call into question the income generated for export.

3 / And the RAKICC companies? We are waiting for clarifications on this type of company if they have to register.

 

How is the tax calculated?

The tax is 9%, on profits over AED 375,000 (approx. USD 100,000). Below this profit threshold, the tax is 0%.

What type of company should register for corporation tax?2023-06-16T16:45:50+04:00

Mainland companies and Free Zone companies are required to register and obtain a registration number.

Regarding the IBCs (International Business companies) of RAKICC, we are still awaiting clarifications from the Cabinet Decision

New UAE Corporate Tax 20232023-06-16T15:08:27+04:00

The corporate income tax, announced last year, came into effect on June 1, 2023.

It had been announced a corporate tax of 9% on the portion of profits above AED 375,000.

The types of income affected are still not final at the time of this writing, we are awaiting the Cabinet Decision which will clarify this.