Following the introduction of the Corporate Tax Law in the UAE, companies are legally required to report their income, determine taxable profits, and file annual returns with the Federal Tax Authority (FTA). This applies to enterprises with annual net profits exceeding AED 375,000. From startups and SMEs to multinational corporations in Dubai and throughout the UAE, corporate tax filing is now a compulsory requirement.

At KVGC, our skilled team of accountants, auditors, and tax consultants is dedicated to streamlining this process for you. We help ensure your business remains compliant, avoids fines, and meets all deadlines, allowing you to concentrate on your primary goal: expanding your enterprise.

What is Corporate Tax Filing in the UAE?

Corporate Tax Filing in the UAE involves the annual submission of your company’s financial records and tax return to the Federal Tax Authority (FTA). According to the UAE Corporate Tax Law:

• A standard tax rate of 9% applies to taxable income above AED 375,000.
• Income up to AED 375,000 is taxed at 0% (benefiting startups and small businesses).
• Free zone entities may be eligible for exemptions if specific criteria are satisfied.
• A 15% tax rate applies to large multinational enterprises that meet OECD Pillar Two standards.

Timely and accurate filing is essential to prevent audits, penalties, and business interruptions.

Is Corporate Tax Return Filing Mandatory in the UAE?

Yes, all taxable persons in the UAE must file corporate tax returns, irrespective of whether tax is due. Even if your business qualifies for exemptions (such as Free Zone benefits or small business relief), you are still obligated to register for corporate tax and submit annual returns to the FTA.

Failure to file may lead to penalties, impact your compliance standing, and potentially initiate FTA audits or legal proceedings.

Who Must File Corporate Tax in the UAE?

• Mainland UAE companies
• Free zone companies (both qualifying and non-qualifying)
• Foreign company branches
• Freelancers and self-employed individuals with annual net profits exceeding AED 375,000
• Partnerships, joint ventures, and other business entities

Step-by-Step Corporate Tax Filing Process

1. Corporate Tax Registration: Enroll with the FTA via the EmaraTax portal, even if exempt.
2. Maintain Financial Records: Keep all accounting records, invoices, and financial reports accurate and current.
3. Prepare Financial Statements:
   • Profit & Loss Statement
   • Balance Sheet
   • Cash Flow Statement
   • Notes to the Financial Statements

   Depending on business size and activities, these may require auditing or review in line with IFRS or GAAP.

4. Calculate Taxable Income: Compute net profit, apply relevant deductions or exemptions (e.g., small business relief or free zone benefits), and calculate applicable tax.
5. File the Corporate Tax Return: Submit the return through the EmaraTax platform using your Tax Registration Number (TRN). Upload all required financial statements and supporting documents. Returns must be filed within 9 months after the financial year-end.
6. Pay Outstanding Tax: Settle any tax due via the EmaraTax portal before the deadline to avoid penalties.

How KVGC Supports Corporate Tax Filing in the UAE

• Assist with FTA registration and EmaraTax portal setup
• Prepare and submit accurate tax returns in compliance with UAE law
• Provide customized guidance on qualifying income, reliefs, and restructuring
• Conduct risk evaluations and identify compliance exposures
• Represent clients during FTA audits or inquiries
• Ensure accounting records meet international standards

Additional Taxation Services from KVGC

• VAT Registration & Filing
• Excise Tax Advisory & Filing
• Bookkeeping & Accounting
• Ultimate Beneficial Owner (UBO) Reporting
• Audit & Tax Consultation
• Payroll Services
• Tax Residency Certification Support
• ICV Certification
• Company Liquidation

Let KVGC Manage Your Corporate Tax Filing with Confidence

Avoid letting tax complexities hinder your business growth. Rely on KVGC for professional corporate tax filing services in Dubai and across the UAE.

• 📞 Call: +97 1585093137
• 💬 WhatsApp: +97 1585093137
• 📧 Email: raghu@kvgc.in