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CORPORATE TAX

January 30, 2023

The Federal Tax Authority is introducing the Corporate Tax, which will take place starting 1 June 2023 (FTA, 2022). 

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Who should register for the Corporate Tax?

  1. All UAE companies and juridical persons that are managed and incorporated in the UAE.

  2. Natural persons who have their businesses in the UAE.

  3. Non-resident juridical persons that are established permanently in the UAE (Ministry of Finance, 2023).

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What is the rate for Corporate Tax?

  • The rate is 9% of the net profit. And for businesses with a net profit of less than 375,000 AED, the rate will be 0% (Ministry of Finance, 2023).

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Where to register?

You can register online at: https://eservices.tax.gov.ae/#/Logon.

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Who can do the registration process?

  • We can help you register! Just contact us, and we will send you a list with the information we need from your side for registration.

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Please check these links for more information from the Federal Tax Authority


Ministry of Finance

https://mof.gov.ae/corporate-tax/

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Federal Tax Authority 

https://tax.gov.ae/en/taxes/corporate.tax/corporate.tax.topics/what.is.corporate.tax.aspx 

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Also available in Arabic

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Ministry of Finance 

https://mof.gov.ae/corporate-tax-ar/

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Federal Tax Authority

https://tax.gov.ae/ar/taxes/corporate.tax/corporate.tax.topics/what.is.corporate.tax.aspx

CUSTOMS NOTICE NO. (11/2022) - ON PROCEDURES AND FEES OF COMMERCIAL INVOICES

February 01, 2023

Starting February 1st, 2023, the following notice came into force:

  1. Through its system, the Ministry of Foreign Affairs and International Cooperation will collect a service fee of 150 AED for the attestation of all commercial invoices of imported goods with a value of 10,000 AED or more.

  2. Declarants have to enter their electronic attestation reference number, which is issued for each attested invoice by the Ministry of Foreign Affairs and International Cooperation in the Customs electronic systems in order to organize import for re-export, or an import, in the case of paying the fee before completing the customs declaration.

  3. The payment of attestation shall be finalized by declarants within a maximum of 14 days from the date the customs declaration was completed.

  4. The Ministry of Foreign Affairs and International Cooperation can impose administrative fines on customers who do not comply and do not get the attestation on the imported goods invoice after the 14 days explained in point 3.

  5. The service of the documents attestation can be accessed through this link:https://www.mofaic.gov.ae/ar-ae/services/attestation (for Arabic) and https://www.mofaic.gov.ae/en/services/attestation (for English).

For more information and details, kindly check the attachment from Dubai Customs in English and Arabic, or visit the website: https://www.mofaic.gov.ae/

APPROVED TAX AGENTS IN THE UAE

October 12, 2022

The Federal Tax Authority has a number of approved tax agents across the UAE.

Mrs. Abir Gadelrab is an approved tax agent in our company, and our tax agency is Definitive Taxation Procedure Follow Up.

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Please check this link to search for an approved tax agent by tax agency name or tax agent name

https://tax.gov.ae/en/tax.support/tax.agents/registered.tax.agents.aspx

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FEDERAL TAX AUTHORITY NEW PORTAL

December 09, 2022

The Federal Tax Authority has launched a new portal. You can now register for your company and receive a TRN through the new FTA portal.

You can also use this new portal to register and manage many services such as Corporate Tax, VAT, TINCO, Excise Tax, and Warehouse Keeper (FTA, 2022).

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Please check this link to the new FTA portal 

https://eservices.tax.gov.ae/sap/bc/ui5_ui5/sap/zmcf_fmca/index.html?saml2=disabled#/Logon

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