If you’re thinking about setting up a business in the UAE, one of the things you need to know is corporate tax registration in the UAE. Don’t worry! YOUNIS HUSSEIN FOR AUDITING OF ACCOUNTS EST is here to help you with what you need to know about tax registration in the UAE and what it means for your business.

UAE Corporate Tax Registration

As of 2023, the UAE government has introduced a 9% corporate tax on business profits exceeding AED 375,000. This new corporate tax applies to most businesses operating in the UAE, so new business owners and entrepreneurs must know and comply with this.

Here’s a general guide about corporate tax:

1. If your taxable profit after one financial year falls under AED 375,000, it shall be subjected to 0% rate.
2. If your taxable profit after one financial year is above AED 375,000, it shall be subjected to a 9% rate.

What Happens If You Don’t Register?

If your business is required to register for corporate fax and you fail to do so, you could face some serious penalties. The UAE makes it easier to set up a new business and is serious about maintaining a business-friendly environment but will enforce its rules. If you don’t comply on time, the government can impose fines on your business, so it’s always best to stay on top of things and file your tax before the deadline.

How YOUNIS HUSSEIN FOR AUDITING OF ACCOUNTS EST Can Help

The registration process and understanding tax laws can be intimidating, especially for new business owners. Hiring a tax consultant is recommended especially if it’s your first time filing or you’re setting up your business in the UAE to make sure everything is in accordance with the UAE law. At YA Public Accountants, our tax consultants are experts in settling corporate tax liabilities.

We’ll make sure your business is always compliant and we’ll help you take the stress out of tax season. Let us handle the tax registration while you focus on growing your business. Contact us today and let’s make your new business is fully set up for success in the UAE!

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Reference for Corporate Tax: https://kpmg.com/ae/en/home/services/tax/corporate-tax-in-the-uae.html#:~:text=All%20annual%20taxable%20profits%20that,be%20subject%20to%209%25%20rate.

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