Best Bookkeeping Services in Dubai, UAE

Best Bookkeeping Services in Dubai, UAE

Do you struggle to keep track of your company’s finances? For accurate and current accounts, bookkeeping services are vital in Dubai. Hiring a professional bookkeeping service allows you to focus on your business growth while they take care of the numbers. Bookkeeping Services in Dubai Bookkeeping services in Dubai assist businesses to maintain accurate financial records. All financial […]

Accounting and Bookkeeping in Dubai – MAKCA

Accounting and Bookkeeping in Dubai

Do you struggle to manage your finances effectively? For businesses in Dubai to remain organized and compliant, accounting and bookkeeping are essential. Hiring a professional company can make a huge difference to your financial management. Bookkeeping & Accounting Firm in Dubai Accounting and bookkeeping firms in Dubai offer businesses professional services that ensure accurate financial records. These firms […]

VAT Refund Scheme For Tourist VISA Holders

VAT Refund Scheme For Tourist VISA Holders

Ever wondered how you can get a refund on VAT as a tourist. The VAT refund service for visa holders with tourist visas is very popular, especially in countries like the UAE where visitors are able to reclaim their tax on purchases. This article will walk you through the entire process and provide useful information on VAT […]

When and Why You Need To Deregister VAT In UAE

When and Why You Need To Deregister VAT In UAE

Why and when you need to deregister VAT in UAE When a business does not meet the requirements for VAT registration, it is necessary to deregister. A drop in taxable supply below the mandatory threshold, or the cessation of business operations are common reasons. To avoid any fines or complications, it is essential that the VAT deregistration […]

Vat Refund Scheme For UAE Nationals

Vat Refund Scheme For UAE Nationals

Are you familiar with the UAE VAT refund scheme? This initiative allows UAE citizens to reclaim the VAT they paid on certain goods and services. Understanding the process is essential, whether you are a businessperson or simply curious how things work in Dubai and the UAE. Tax Refund Scheme for UAE Nationals The UAE VAT refund scheme […]

Accounting Services Taking Your Business To The Next Level

Accounting Services Taking Your Business To The Next Level

Are you ready to move your business forward with professional accounting services? Accounting services are the foundation that your business requires to grow, remain compliant and make data-driven decision. These services can help boost financial management and business productivity with the right support. Accounting Services Taking Your Business To The Next Level Accounting services have a significant […]

Real estate services vat in UAE – MAKCA Auditing

Real estate services vat in UAE – MAKCA Auditing

Are you familiar with how the VAT affects real estate transactions in UAE? Real estate VAT in UAE is a hot topic for companies involved in leasing and property transactions. Anyone looking to invest in or operate on the UAE real estate industry must understand the VAT regulations. What is VAT in Real Estate? The VAT (Value-Added […]

Advisory and CFO Services in Dubai UAE

Advisory and CFO Services in Dubai UAE

Looking for expert advice to help you take your business in the UAE to the next stage? Business advisory services can help you navigate the UAE’s complex business landscape, make informed decisions and optimize your operations. These services are a game changer for the growth of your business, whether you need financial, legal, or investment guidance. Business […]

Corporate Tax Registration Process & Guidance

Corporate Tax Registration Process & Guidance The Registration Process To ensure compliance with tax authorities’ requirements, the corporate tax registration in the UAE includes several steps. The first step is to determine if the business meets the AED 375,000 threshold. After that, the registration process can begin. These steps include submitting your financial statements, identifying your business activities and obtaining a tax registration number (TRN). Important considerations during registration Business owners should have all necessary documents before starting the registration procedure, including business licenses, financial statements, and the identification of company owners. These documents are needed to show that the company is eligible for registration with the corporate tax authority. Corporate Tax Registration Process in UAE The Registration Process Businesses must follow this step-by-step process to register for corporate taxes in the UAE: Check for Eligibility: Make sure that the income of your business exceeds AED 375,000. Document Submittal: Submit all required documents including proof of business income and activities. Receive TRN : After the documents have been verified, businesses are issued a Tax Register Number (TRN). Documents Required for UAE Corporate Tax Registration Documents required include: Details of the business license and its activities Financial records, including income statements. Identification of owners or shareholders How to Register a Corporate Company What you need to start If you want to register a company in the UAE for tax purposes, make sure that its revenue exceeds the threshold. A valid business license is required, as well as other documentation such financial statements and tax returns from previous years. Registration for corporate companies To begin the process, you must submit the necessary documents to the UAE Tax Authorities for review. The business will be issued a Tax Registration Number after successful verification. This number is required for any future tax payments and filings. How to Register a Corporate Business The Key Steps to Register a Corporation The process of registering a corporate company is the same as registering any other type of business in UAE. Confirm that the income of the business exceeds AED 375,000. Submit all necessary documents to the UAE tax authority, including a business licence and financial statements. Corporate Businesses: Special Considerations Corporate businesses might have additional requirements based on their industry or location. Understanding these requirements will help you streamline the registration process. How to Register a Company for Corporation Tax The Step-by-Step Procedure for Corporation Tax Registration The registration of a corporation for tax purposes involves the following: confirming eligibility, submitting documentation, and waiting to receive approval from the tax authority. The company is required to provide information on its taxable income, as well as the nature of their business. The company will receive a Tax Registration Number, or TRN. This number must be used to file all tax returns. Common mistakes to avoid Incomplete documentation or failure to submit the required financial statements are some of the most common mistakes made during registration. To ensure a smooth registration, it is important to make sure all documents are complete and accurate. Table: Corporate Tax Registration Process Summary Step Duration Description Check Your Eligibility Two-day turnaround Confirm if your revenue exceeds AED 375,000. Document Submission The 1-2 week period Submit the required documents (business licence, financials) TRN Issuance Two to four weeks Receive Tax Registration Number after approval. Post-Registration Filing Continued Make sure you are filing your taxes on time. What Can Help “Mubarak Al Ketbi Chartered Accountants” Corporate Tax Registration Process & Guidance We provide professional assistance in the UAE with regard to the registration of corporate taxes. Our team will ensure that your company is in compliance with all tax regulations, and help you navigate the submission and documentation process. From eligibility checks to receiving a Tax Registration Number (TRN), we’ll walk you through the process. We will make sure that you are registered correctly and efficiently. Early bird gets the worm, so if you want to save time and avoid unnecessary complications in the future, it is best to start early. Frequently Asked Questions What documents am I required to register for corporate tax? You will need to provide a business licence, financial statements and the identification of the owners or shareholders. How long does it take to register for corporate tax? Typically, the process takes 2-4 weeks to complete. Can I register my company for corporate taxes if I’m based in a tax-free zone? If a company’s revenue exceeds AED 375,000, it must register for corporate taxes. What happens when I receive my TRN number? You must continue to use your TRN for future tax returns and compliance.

Looking for guidance regarding the Corporate Tax Registration Process? It is important for UAE businesses to understand the steps involved with corporate tax registration. This article provides you with the necessary information and guidance you need to guide you through the Corporate tax registration process & guidance. Corporate Tax Registration Process & Guidance The Registration Process To ensure compliance […]

How to Register For Corporate Tax

How to Register For Corporate Tax

How to register for corporate tax The Basic Steps of Corporate Tax Registration Businesses must determine whether they have a revenue threshold above AED 375,000 before registering for corporate tax. The business must then submit all the necessary documents including financial statements and details of the business. Businesses will receive a Tax Registration Number (TRN), and can […]