Fast and Accurate Corporate Tax Filing

9% Corporate Tax Rate: For taxable income exceeding AED 375,000.
For non-qualifying income of a QFZP.

0% Corporate Tax Rate: For taxable income not exceeding AED 375,000.
For qualifying income of a Qualifying Free Zone Person (QFZP).

In the UAE, businesses must file their corporate tax returns once every tax period. They have nine months from the end of their tax period to file and pay any taxes owed to the Federal Tax Authority (FTA).

Example 1: If a company's tax period begins on June 1, 2024, and ends on May 31, 2025, they need to file by February 29, 2026 (9 months after May 31, 2025).

Example 2: If the tax period starts on January 1, 2025, and ends on December 31, 2025, the filing deadline is September 30, 2026.

1. To file your corporate tax return in the UAE, first get a Tax Registration Number (TRN) from the Federal Tax Authority (FTA).
2. Keep all your financial records organized.
3. Use these records to calculate your taxable income and fill out the tax form.
4. Then, submit this form online through the FTA's e-Services and pay any tax you owe by the deadline. If audited, the FTA might ask for more info or documents.
5. Organize and update financial records, including revenue and expenses.
6. Prepare financial statements as per IFRS standards.
7. Determine taxable income using financial records, factoring in deductions and exemptions under UAE Corporate Tax Law.

For help with this process, 10XM can assist with your corporate tax filing.

To calculate corporate tax in the UAE, you first take the net profit shown in your company's financial statements. From this, deduct any eligible expenses and exclude any income that's exempt from tax. If your company has paid any foreign taxes, you can also deduct these from your profit. The remaining amount is then taxed at a rate of 9% to determine your corporate tax liability. This process ensures you only pay tax on your actual taxable profit, as per UAE tax regulations.

No, Free Zone companies in the UAE are required to file Corporate Tax returns, even if they enjoy certain tax benefits or exemptions.

Essential documents include financial records, taxable income calculations, depreciation schedules, transfer pricing documentation, information on related party transactions, and details on provision movements.

The process involves obtaining a tax registration number, maintaining financial records, preparing the tax return, submitting it via the FTA's online platform, paying the tax liability, and complying with any tax audits.

Penalties for non-compliance can include fines and other sanctions as dictated by UAE tax laws. Businesses must adhere to filing deadlines and accuracy requirements to avoid these penalties.

Yes, Corporate Tax filing is mandatory for all businesses operating in the UAE, including local and international companies, as stipulated by the FTA.