How to register for corporate tax in UAE Step wise guide|UAE Corporate TAX Registration Guide|
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- Опубліковано 6 жов 2024
- Complete Step wise guide for corporate tax Registration in UAE. The process of corporate tax registration in UAE is fully guided in this video .
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thankyou your video very much helpful for me today
what the FTA can't do on their website and what accountants charge ridiculous amounts to do for you, you have very simply explained in much needed detail. I was going nuts looking for the button where to apply for the registration. Thank you.
Dude you are a legend. thank you for the direct easy and informative approach.
Thanks for posting the video, i followed and our registration was accepted and approved immediately. Received the welcome guide, Would be helpful to make another video on further steps. We choose the default period for tax return Jan-Dec, and the incoroporation was in March-2023.
Thanks Ashfaq it has been very useful. I successfully able to complete the process
Brother please make one video on corporate tax filling
hi, thanks for uploading this video. Can I ask you if we have to use our name or our company name for the taxable person? Please advise.
@@InnomediaTechnologies-w1t company name
Thanks for you creating this tutorial. Extremely Helpful. Submitted the application and got the approval within minutes.
thanks for this amazing video.... is there a VAT registration process video also..... do you have a video on that? thanks
Wellcome .not yet, maybe in the future videos
Thank you so much, your video was very useful, I was able to complete the application.
HAVE LITTLE PROBLEM
Wow thanks for helpful videos and advice. I have a question, I have RAKEZ free zone register company with trade license. But it’s just for visa proposal. There is nothing activity. Should I need to register corporate tax as well?
Yes, you have to register. As per the FTA website, as of today, every taxable person is required to register for corporate tax . In simple words relevant to your specific case, every company needs to register irrespective of turnover regarding payment of CT thats something separate and depends on many factors as well.
@@AccountingandQuickbooks thank you so much for your quick response and guidance 🫡🙏🏼
Sir one vedio on vat registration please🙏
Yes ,it's in my mind will do that
Thank you for your video My its Free zone establishments company sharja what i should select natural person please can you help
Hi sir thank you for very helpful video 👍
I have a professional Licence of sol establishment with 100% ownership created on 4-march-2024 dubai mainland my question is I have not yet registered for corporate tax what should I do? I have asked some pro about this they told me I need not to register because I am not working on license and don’t have office location Should I register as soon as possible. Thanks in advance
Thanks man.. really appreciate... extremely helpful
Wellcome
Actually I came to UAE as a visitor. Now I have taken the license of social media marketing. Now I have changed the status of my investor visa, the rest of the process is still pending, my visa status was changed on May 2nd, the process of stamping medical emirates id has not been completed yet because I have 2 months left. Will corporate tax registration be applicable on my new license also?
yes if you got your licence than than 90 day time we will remaining
Plsass for Free zone establishments what i should select natural person or what?
Thank you and keep up the good work!
Thank you great help! I can't find the Activitycode for an E-commerce bussines. Could you help me please
Same! I'm concerned, what activity do we choose?
Thanks for the tutorial brother.
And if the company is llc and has 2 partners what should i choose legal person or partnership?
it's a legal entity. However, as for as owner's details section is concerned pls check the video
@@AccountingandQuickbooks thanks for clarifying and sir one more question : if both the partners are local and sharing 50% each so in this case should i choose owner type natural person or legal ?
Pls check owner's details section of the video
Thanks for making the tutorial, can you please provide some information regarding the business activity since i did not find my business activity in the list what am i supposed to choose ?
It's a documents clearing services
Brother choose the nearest possible e.g for documents clearing services you can choose administrative etc
@@AccountingandQuickbooks thanks for your guidance
Thanks for great video.
For a company which the license is freeze is not possible to choose expiry date. How i can do it?
wellcome . Normally You have to manually enter the expiry date in the relevent box ( both in freezone or other company) as you can see in the video however if it automatically shows the expiry date and its correct you can proceed with that. you can use amend option if you want to change
How can I return a rented commercial license plate? I want to return the private plate … for TLC plate ???
Sir, how to find the corporate Tax period? what date should I select? I started my company in June 2019. thanks!
Your financial year is your corporate tax period for details 👉 ua-cam.com/video/ppoCKUfUwiU/v-deo.htmlsi=YkG3B93I_SM8bY-c
Hi, thanks for your video!
Do you have sample of POA which has to be uploaded ?
hi let me check if found i will put the link in the description
Our Activities are Petroleum Products and Petrochemical Products Trading what should I select its not Showing These Activities
Select the nearest possible activity and in the subgroup try to find
Our company has 3 partners
Local 51%
First Partner 25 %
Second Partner 24%
Will I put the details of 2 partners?
2nd Question
In entity details I put all the details but it's showing an error, the trade license number and ID number is same?
Yes, put the details for 2 partners 51% & 25%. Recheck the details maybe by mistake you put same numbers
Should I add the person's name or the company name when creating a new taxable person profile?
"Company name" if you are creating this for a company the same name as per the trade license.
Thank you 😊 really appreciate it 👍👏👏
You are wellcome
Thank you so much for this video
Wellcome
Hi, I m finding it difficult to amend my trade license details. Have been trying to do it since many times but the old trade license details are in there which is expired. Tried to delete it but it's not getting deleted. Can you suggest how to rectify this?
@@priyarajesh9396 apply for ammendments.
How can i know what to put in "Date of Commencement of Business "?
First trade license issuance date
My New Trade License Just Opened on 24 July 2024, and I have not received Yet TRN Certificate, so my question is which Financial Period I should select while registering corporate tax ???? Please Guide me Sir
If you can't find the financial year in Memorandum or any other official documents.you can proceed with Jan to Dec
@@AccountingandQuickbooks Thanks a lot Appreciated 🙏
@@AccountingandQuickbooks Can You Guide me One More Thing My Company is New and don't have Bank account yet and when I apply New TRN VAT Certificate They ask fill Bank details so that time what should I write there
Our company has 3 partners
The first one is Local 51%
Remaining divided equally
Is it necessary to add 3 partners
Add the details of all the partners having more than 25% of share holdings including local partner
As a blogger, how can I get VAT identification number?
Thank you this was very useful
Wellcome
Dear sir
My compay is fz llc and trade lscence issue date is 05/04/2023
We have not prepared any financial report till now
So what would we choose as financial year or corp tax period
First, check your MOA. If not found or you are unable to decide based any other official document, you can choose January to December
My company has individual partners so do i have to choose natural person or Partnership?
It's legal entity and put partners details in owner's details in accordance with their shares percentage as shown in the video. Please watch the video I have explained that with steps
at the beginning is should be the person name or the company name ?
If you don't have any account on Emara tax means you are not signed up on emaratax portal then you will start with person name once you have entered in the portal then you will enter the company first both cases either for creating taxable person or when registration process starts
sir i have already submit but still not active pending reveiw what is problem
Check the status normally it takes 2 weeks and in some cases its done immediately as well to check the status 👉 ua-cam.com/video/K7g60jaPLK0/v-deo.html
When I click view in my company I not find corporate tax to I can make register, from where I can find it you can help sir
Maybe you have created a new taxable person 🤔 logout and recheck again. moreever, if you check in the video, I shown two possible ways in what option can be shown check slowly you can pause and check
Hi, what entity type to select for a freezone? Thanks in advance.
Choose according to tradr license Entity type means is it partnership,sole prop, company etc
Hi what we will put in creating a Taxable Person. What we will put in Name. Our company name?
Yes, your company name as per trade license
For meat trading what activity should I put?
There is a trading activity option check that if you find exact select nearest possible, it drills down to sub activity again and selects the nearest possible activity.
I am confused what to choose for freezone business entity, please help
Choose as per trade license
I have submitted application for CT registration. But the application is still in review..is there any penalty for not completing the registration with in 31st May 2024?..From our end we have submitted all documents .Please advise
As per FTA notification the the date of submission of application will be considered as per your applicable deadline for CT registration, not the date when you receive the certificate.
@AccountingandQuickbooks so no penalty can be imposed, ryt?
Dear Sir, i have doubt natural person and legal person. My owners have 2 different company with 2 different trade licence but owner is same. So what i will choose legal person or natural person.
If you are referring to owner's details while registration then check this @5:07
Hi, I follow the steps but there is a problem, in the entity section I can't find LLC or limited liability company, what should I choose?
For LLC choose the same what I have done in this video because the company that is registered in the video is also LLC
What about the sub-entity? You sure about that?
Pls check the video
Hello sir,my corperate tax registration deadline is june 30 ,but i was missed to register ,so i just want to register now, what is the procedure, any exmaption for glass and aluminium installation company, pls clarify it.
Hi please share your email id we are providing corporate tax and audit services
Is it normal that I don't have the option for corporate tax?
I can not register
You should have an option. please check the video I have shown. There might be two ways you will get options
any tutorial on group registration?
Not yet
Hi, Our Business activity is not mentioned, What should we select?
Select the nearest possible closest main activity and then in the subgroup try to find the activity
@@AccountingandQuickbooks Our registered Activity is trading outside UAE, Closest activity we have found is Wholesale and Trade. Should we select this?
How many days take for registration after submitting the application
Sometimes, you get the certificate within an hour, refresh and check the certificate, and you will get it. And some time It takes 2 weeks maximum. To check the status 👉 ua-cam.com/video/K7g60jaPLK0/v-deo.htmlsi=l302an9Iq0OSYixT
>>> Quick QUESTION PLS: If my Company is registered on the 16th of July 2020, WHAT WOULD MY Corporate Tax PERIOD??? JUNE-MAY? JULY-JUNE? or AUG-JULY????? PLS HELP. THANKS
corporate tax period has nothing to do with date of registration for details you can check 👉 ua-cam.com/video/ppoCKUfUwiU/v-deo.htmlsi=wsQBSNvs-aEurLz8
@@AccountingandQuickbooks THANKS A LOT
I need it for my Facebook page but no business@@AccountingandQuickbooks
Sir i have a doubt in natural person and legal person, In my company my boss runs a business so should i add her name or the company name
are you referring to the owner's details section?
On 5:05 do we need to include all owners or only the one with the biggest share?
@nikihaj4225 it's mentioned there owner's having shareholding of 25% or more
if we have groups of companies(different trade license & emirates , not a branch) under one ownership, How we can register ?
As per the trade license register each company and mention the ownership details infect the company i am registering in the video is being owned by a holding company that has ownership other companies as well.
Hi, should we use our company name in legal name and trade name field ?
Yes, its the company name, but use the same as mentioned on trade license check on trade license you wll find it
@@AccountingandQuickbookstnx, and in business activities , i cant find soup and hair care products and also cosmetics trading, should i choose wholesale of other household goods?
👉ua-cam.com/video/SxnWDHS4Se8/v-deo.html
Hello sir , How can i correct the name of the company in the corporate tax registration certificate if i had entered the name of the company incorrectly ?
Login to emara tax portal click on view when you see corporate tax details at right side you will see three dots click amend
If you have not submitted the application in the draft you can amend also just by going to back step
Thakns sir
Why need id and passport of owner where its add
You will need these to fill in the information in the owner's details. Pls watch the video you see where it's required
hello sir, i have an account at emara tax and file vat every quarter. but i dont find any option of corporate tax when i click on view under my company name. what could be the possible reason? thanks
It shouldn't be the case check from 1:23 onwards sometime to get direct option sometime you have to click under action check in the video
Thanks
Application is in review for last 2 weeks. Is this normal? Can anyone share timelines it take for approval?
Wait for 1 more week , if still in review go to emara tax portal, click e services at bottom of page click that chat button and inquire about the status
Hi thank you for this video, I have an e-trader license thus no MOA and POA, do you happen to know if I can submit IDs only? Thank you
hi dear i will sugguet go to emara tax portal, click on E -Services & below right side you will find chat option and contact with live person provide them your details - they will if you are registerd with VAT or not etc -they will advise you on that .( i think if you choose correct entity type and activity you will not required MOA but I will suggest to contact emara tax portal )
@@AccountingandQuickbooks Thank you! spoke to them but they refer me to Tax Agents. I choose the Legal - other then put sole proprietor on the notes, am not sure if this is correct or I need to choose Natural Person. thank you
@rechelviray2113 that's correct please as advised
@@rechelviray2113 wellcome
Plz answer my question… when i sign up is it necessary to use the email address that is mentioned on the professional license or can i use any email address? Same for phone number
@nikihaj4225 u can use a different email address and phone number but better to use the same
@@AccountingandQuickbooksthank you🙏the taxable person’s name should be the company’s name?
@@nikihaj4225 yes
Pls check the video
@@AccountingandQuickbooksthank you. My company is civil company and its project management. Which entity type would it fit into do you think?
Hello this is my first year in uae having a company i dont have any address nor i have Ejari what should i write on company address?
Write your registered address as per trade license
@@AccountingandQuickbooks thank you for the reply. I registered my company in November my friend said i dont need to register my company as its first year is it correct?
Hi sir
Jin ka net profit 375k sy kam hai un ku bhe registration huna lazmi hai please reply
375k is applied for tax calculations and charging of tax however as for as CT registration is concerned businesses are required to register irrespective of their turnover or net profit
HELLO SIR , I HAVE A FREE ZONE COMPANY WITH 100% OWNERSHIP IN MY NAME.WHEN I TRY TO REGISTER FOR CORPORATE TAX IT SHOWS THE OWNER AS A LEGAL PERSON. I TRIED AMENDING THE SAME TO NATURAL PERSON BY SENDING A REQUEST TO FTA. I HAVEN'T GOT A REPLY FROM THEM YET AND HENCE CAN'T PROCEED WITH CORPORATE TAX REGISTRATION. HOW AM I TO PROCEED FURTHER. PLEASE HELP.
Once you logged in portal below your company name click view at the left side in other services put an enquiry with a screenshot .
You also chat with a tax agent via FTA portal, click e services, and scroll down at the right side side you can chat and ask for advice (type connect with live person)
Hw to choose coporate tax period
Your financial year is your corporate tax period if your financial year is from Jan to Dec , choose Jan to December if your financial year is from July to June ,Choose July to June for further details you can watch this video 👉 👉 ua-cam.com/video/ppoCKUfUwiU/v-deo.htmlsi=OMIOZZpCHqo3gqFz
Source of authorization how will we get?
Either memorandum of Association MOA Or Power of Attorney (POA)
Pls check the video it's mentioned
@AccountingandQuickbooks ok..from where will we get MOA?
Ask your company PRO or owner of the company
Sir I have establiment license with UAE national ownership in uae is i am resident person
In entity type you can select legal person. hower when you will go owner's details that would depend for that check the video
What if my company is online business and not vat registered
As of current status as per Ministry of Finance notification, if you are a registered business for VAT, you will have to pay VAT and Corporate Tax separately. If your business is not registered for VAT, you may still have to pay Corporate Tax. So you have to get registered unless another notification is issued in future
@@AccountingandQuickbooksdo you know how to register if not Vat registered?
The process is shown in the video
the application for corporate tax for my business is free?
Yes, it's free of cost
Sir i am unable to upload my trade license.can u please help.with it
Change to PDF Format (Remove extra pages if attached in that file ) and re upload)
@@AccountingandQuickbooks ok will retry
The trade licence is free zone
Have to register even if free zone
As per the FTA's Federal Decree Law 47, The corporate tax regime demands every taxable person, which includes a Free Zone Person, requires to register for Corporate Tax and get a Registration Number
Is this process also good if I have a dubai freezone company?
Yes, freezone companies are also registered on the same emaratax portal
Thank you
@@AccountingandQuickbooks I have new passport since last year and the new passport number is different from the one on the company documents. Is that a problem in corporate tax registration or I just need to add the new passport number and photo?
Passport number and expiry date will be required in owner's details if you have more than 25% share holding and have upload the passport as well
Best of luck
Hi sir , if i have 2 or 3 or more different LLC license
So i need to apply cop-tax for all
License or only one bea there is no option to add other license
Please check the video
You can add a taxable person profile if these are not branches
Ok thank you
If we have FZ-LLC in license, what will be the entity type and sub type? Thanks in advance
are you asking for activity type ? or entity type?
( it has nothing to do with free zone or Mainland ) check as pe your trade license
@@AccountingandQuickbooks i am talking about entity type like legal person - incorporated or choose other option?
@jignesh3890 as it is LLC so it will be legal person
@@AccountingandQuickbooks thank you Sir 👍
Hi i have building material trading activity in license, what should i select in main industry and sub category? Can’t find proper option
For trading, you will get options, choose the as the closest possible
@@AccountingandQuickbooks threre are 2 mentioned industry 1) Bulding construction 2) wholesale and retail. What should I mention i have freezone company. Pls guide
As per the info provided, wholesale and retailer seem to me appropriate.
@@AccountingandQuickbooks thank you for guidance 👍
incorporation certificate asking in the time of registration but i dont have it now where i get that any other posibliies have
You can use trade license for that and for the date incorporation you can take the first license issuance date
@@AccountingandQuickbookssir we dont have Certificate of Incorporation, but we have MOA. shall we upload the latest trade license? Or MOA?
@@AccountingandQuickbookssir we dont have Certificate of Incorporation, but we have MOA. shall we upload the latest trade license? Or MOA?
If you dont have incorporation certificate you can upload updated trade license .please watch the video I have explained this
thank you
Wellcome
Sir what entity for partnership firm
What the full name on trade license,(ends with what)and then select accordingly from the dropdown.
Sir is Certificate of incorporation and MOA is Same ? and if we don't have certificate of incorporation can we put the date mentioned on MOA as incorporation date or we have to put first trade license issuance date ?
dear please watch the video , I have used first trade license issuance date instead of date of incorporation and trade license instead of certificate of incorporation similary you will see the where the MOA will be used
@@AccountingandQuickbooks I got it, thank you so much
I don't have any company
Then create a company and give me a job 😅
Haa... Yes I can help you open company Madam ... and i ll get Corporate tax registration free fr u
Is ki koi fee b hy ya free registration hy
It's free to sign in and do registration on the portal
Brother i have company of General trading activity but when i tried to add my activity there is no option for general trading please help in this.
What is the activity mentioned on the trade license? Check that . Then, at the time of adding activity, you will get either in the main activity or sub activity
@@AccountingandQuickbooks Brother there is written "General Trading"
check the list you will find either the same name or similar activity if you don't find the exact proceed with similar(hopefully you will find either activity or sub activity)
@@AccountingandQuickbooks Thank You so much for helping.
Kindly Help me corporate period what will be period in my case while i was formed company on 09 Nov 2023
Your financial year is your corporate tax period for details. Your corporate tax period will be written on your corporate registration certificate, so be careful. You can refer to this video
👉👉👉👉ua-cam.com/video/ppoCKUfUwiU/v-deo.htmlsi=qFMgj-FC0KylS46o
Once we register, after that how to file returns and when to return?
👉 ua-cam.com/video/dsizcT9vl_k/v-deo.html
@@AccountingandQuickbooks Your video is too much informative and step by step guide in serious means,
Sir, I have a question. I have a Freezone license registered in May 2024 with 100% shares. do I need to register for corporate tax in the UAE? Kindly share expert opinion
Yes, in simple words, as per FTA, every business is required to register for corporate tax irrespective of turnover. However a company will be liable to pay Corporate Tax or not that is something separate that depends on multiple factors.
@@AccountingandQuickbooks Right,
May I have your number or how can I contact you?
@@AccountingandQuickbooks Our overall revenue is not higher then even one million, how can I apply for assumption or Small Business Relief for CT
if you have any video please share the link
I got a Freezone Company for Financial consultancy im the only Employee is the right entity type legal person incorpurated - UAE Private Company (incl. an Establishment)?
Yes .Entity type.it's legal person
@@AccountingandQuickbooksThank you very much. For the business activity as a financial consultant, since there is nothing that describe my activity exactly. Would you use Other financial service activities, except insurance and pension funding activities, n.e.c. or Other education n.e.c. as the activity?
Use the nearest possible activity
If you are not getting the exact use nearest possible e.g Other "financial activities" is also fine
How to get certificate of incorporation sir
U can use trade license instead and for date of incorporation use first trade license issuance date
Pls watch the video I have used the same
If I don’t i have Trade name ?
You will find the trade name and company name of your trade license. If you don't have trade name on license use company name for this CT registration
any one tell me hou much corporate tex registration fee
The registration is free of cost. You can follow the steps in the video to register for corporate tax
Can you help me to registered my corporate tax im also here in dubai can you assist me im willing to pay
Brother, follow the steps in the video, and you will be able to do it by yourself in 10 to 15 mints further this video will also be helpful 👉👉ua-cam.com/video/SxnWDHS4Se8/v-deo.html
Please share your contact number or email id we are doing corporate tax and audit services
I dont have a trn as i have only a small business (ecommerce license freezone SRTIP). My income is even less than 10k. Do i have to register for corporate tax? Please answr🙏🏻
Yes. In simple words, all businesses operating in uae are required to register for corporate tax, including free zone
What is moa
Memorandum of Association (MOA)
Or articles of Association with Addendum
My application is in review since last 12 days, how long it will take for the issuance of TAX REGISTRATION NUMBER TRN
for me it took one month. keep checking the status some time they amendments or corrections are required
Hi. Can I have your number if you dont mind. Need some assistance in corporate tax registeration. JazakAllah
Hello, Can you help us in doing the corporate tax registration on a paid basis? If yes please share your contact number or email id.
Brother, if follow the steps in the video you will be able to do it in 10 to 15 minutes maximum (currently, I am not doing one to one sessions or paid services if you have any query write down in comments I will answer or make a video on that)