Corporate tax registration is an important part of doing business in the UAE. However, the registration process can be complex but it always requires the submission of several documents.
Who are Obliged to Register for Corporate Tax in UAE
Corporate tax is supposed to be charged on the taxable earnings of business in the UAE at the following rates:
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0% tax rate is applicable to taxable income upto 375000 in Dubai,UAE
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The Corporate Tax rate is subject to 9% for income exceeding to 375000
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A 15% corporate tax rate is applicable to multinational companies that is subject to OECD Base Erosion and Profit-Sharing legislation which will come within Pillar 2 of the BEPS 2.0 framework that is the total worldwide revenues in excess of AED 3.15 billion.
Necessary Documents for Corporate Tax Registration in Dubai, UAE
Businesses must be prepared to provide the essential documentation to register for Corporate Tax in the UAE.
The corporation tax registration process can be opted online.
The following documents are required for UAE Corporate Tax Registration.
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A Original Copy of Trade License
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A Valid Passport Copy of owner / partner holding the license
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A Valid Emirate Id of owner/ partner who hold the license
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Memorandum of Association or Power of Attorney
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A Original Contact details of concerned person
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Contact details of the company containing the complete address and P.O box
These documents are required for completing the registration process and ensure compliance with UAE tax legislation. When registering for company tax registration, make sure you have these documents ready with you.