Step 1: Tax Registration Number:Any Taxable Individual shall register for Corporate Tax with the Authorization in a proper way and within the timeline, prescribed by the Authority to obtain a Tax Registration Number. Step 2: Documentation: The FTA shall, at its decision and based on information...
Corporate Tax in UAE – Complete Guide for Businesses The Corporate Tax is going to be imposed on the taxable Income, at the rates determined under this UAE Federal Decree-Law No. 47 of 2022, and payable to the Federal Tax Authority under this Decree-Law and the Tax Procedures Law. The ...
As new and more complex forms of doing business develop, income tax is also being amended to keep pace. Recently, the scope and frequency of these amendments have accelerated due to international requirements, especially as part of the programme for comb
To get registered with the Federal Tax Authority, an individual, or a corporation must complete a sequence of steps throughout theVAT Registrationprocess in the UAE. (FTA VAT Registration). Our expertTax Agent in UAEhave received specialized training and have been assigned to simplify the process...
If your business in the UAE exceeds the VAT registration threshold, which is AED 375,000, you are required to register for VAT with the Federal Tax Authority (FTA) within 28 days of the end of the month when your sales exceed this amount. This threshold applies to businesses that make ta...
However, an entity may be entitled to a registration exemption if the Federal Tax Authority (FTA) deems it acceptable that you are not regularly importing or releasing excise goods from Designated Zones. An entity still needs to register even when it already possesses a Tax Registration Number. ...
If a UAE business surpasses AED 375,000 in taxable supplies and imports, VAT registration becomes mandatory by the Federal Tax Authority. Following FTA guidelines, businesses must maintain accurate financial transaction records, meet VAT registration criteria, and ensure timely ledger updates to avoid ...
A Tax Registration Number (TRN) is a unique 15-digit identifier issued by the Federal Tax Authority (FTA), required for VAT-registered businesses in the UAE. It’s mandatory for: VAT Registration & Filing: A TRN is required to charge VAT and file returns legally. Legal Business Operations:...
UAE VAT Executive Regulations Introduction Summary of Amendments, Effective 15th November 2024 The Federal Tax Authority (FTA) in the United Arab Emirates has announced Cabinet Decision No. (100) of 2024, which modifies the Executive Regulations of Federal Decree-Law No. (8) of 2017 on Value Ad...
We are approved by the Federal Tax Authority (FTA) and nominated as Tax agency by enterprises and businesses to represent them before the FTA. Tax Agent In Dubai In Dubai, a tax agent is typically chosen to speak on behalf of another individual to the federal tax office. A tax agent in...