As we move into 2025, Corporate Tax is now a key part of the UAE’s business framework. Staying compliant with the Federal Tax Authority’s requirements is essential for business operations and growth.
What Is Corporate Tax and Who Should Register?
Corporate Tax is a tax on the net profits of businesses in the UAE. Introduced in 2023 and fully implemented in 2024, it aligns with international fiscal standards. Businesses earning more than AED 375,000 annually must register and comply.
Key Corporate Tax Updates and Registration Process for 2025
Key Updates for 2025
- Enhanced Audit Requirements
Businesses must submit detailed annual audits. - Expanded EmaraTax Platform
Mandatory digital filings and tax payments. - Stricter Penalties
Fines for non-compliance start at AED 10,000
How to Register
- Log into the FTA portal.
- Submit trade license details and financial records.
- Upload required documents, such as audited financial statements.
- Obtain your Tax Registration Number (TRN).
Important Deadlines:
For fiscal years ending December 31, 2024, Corporate Tax filings are due by June 30, 2025.
Why Register Now?
- Avoid penalties for late registration.
- Ensure business credibility with proper compliance.
- Take advantage of digital tools for seamless tax filing.
Conclusion
Compliance with Corporate Tax is not just a legal necessity but a step toward long-term business success. Let us assist you in navigating this process.
