Corporate Tax is the Tax that is imposed on profits earned by companies. Corporate Tax Registration is the procedure to register your business when the Tax applies to the categories defined by the Federal Tax Authority (FTA). The FTA introduced the Emaratax Platform to allow those eligible to sign up to pay their corporate Tax quickly. Tax obligations in UAE might seem daunting, but the Emaratax Platform has made them extremely simple for the user. The corporate Tax has been an essential element for businesses operating in the UAE to ensure that they comply with the rules and regulations. It will benefit by boosting the expansion of companies and the country’s growth. The registration process has become smooth thanks to Emaratax and does not require a skilful degree. Emaratax’s platform makes it very simple. This blog will concentrate on the step-by-step registration process for the Emaratax Platform. If you want to get your tax-related registration for corporations in Dubai, this procedure will benefit you without any difficulties.
Step-by-step Registration Process for Corporate Tax on the Emaratax Platform
- The initial step is to sign up for the Emaratax Platform as a taxable person. Log in initially with your credentials, or you can also use your UAE pass. Once you’ve authenticated, you can access the dashboard for users. The list of tax-paying individuals will be blank when you first log in. You must click “Create” to add a new profile for a tax-paying person.
- After your profile has been created, click “Register” to start the registration process. Once you’ve done this, the screen will show instructions and extra important information. Read the directions carefully before you click “Confirm.”
- After you have accepted the directions, after which click “Start” to begin your registration process.
- Select your company’s “Entity Type” from the list of various entities. You can register for the type of entity and its types. This includes multiple types of individuals that are qualified for registration as corporate taxpayers.
- If you’d prefer to skip this point and continue with the process in the future, click “Save as Draft” and continue the registration process later.
- Once all the credentials and other required information are completed, click on “Next Step” to save your application to the section “Identification Details.”
- This Identification Details section contains the main details for your trade license according to your chosen entity type.
- Now click “Add Business Activities” to include the details of the activities connected to the license to trade.
- You must include the mandatory details of your business activity and click on the “Add” button. Confirm that all pertinent information is included, and then the “activation code” will be displayed on the screen.
- After you receive the activation code, hit “Add Owners” and add all owners who own 25% or more of the registered company.
- If you are asked to focus on providing relevant information about the owner, include this information and click the “Add” button.
- If your company has multiple branches, click “Yes” and add the details of your branches. For each branch, you’ll need to add details such as its trade license, related activities, and owners’ names.
- Once these mandatory fields are filled in, click “Next Step” to save your details and get on to the next section, “Contact Details.”
- Now, add the address that you registered for your company.
- Click “Next Step” to save your previous information. The following section will be “Authorized Signatory.”
- Enter the details of the Authorized Signatory and then click ”Add.”
- Following this action, click “Next Step” to save your application. Once you have saved your application, you can proceed to “Review and Declaration.” This step will help you verify the complete information you have added.
- After you have reviewed the application and approved it, you can submit your application in writing by marking the “Checkbox,” which will ensure that the information is accurate.
- Click on the “Submit” button to complete the registration process.
- You will receive a “Reference Number” once the application is submitted.
How can ebs Chartered Accountants benefit?
ebs Chartered Accountants are professionals who deal with corporate tax registration. ebs offers corporate tax registration services to a variety of companies. Our accountants are certified and can assist you with your corporate tax registration on Emaratax. They will focus on providing complete guidance in line with the requirements of your business. The staff will help you collect all the necessary documents to register your company. They will ensure that you complete your registration in complete compliance and with ease. ebs offer additional step-by-step guidance, and if you have any issues, our experts are available anytime to ensure that your registration is completed on time and there are no fines, penalties, or fines imposed. Contact experts at ebs for assistance today.