Overview

Corporate Tax Return Filing is a crucial obligation for businesses in the UAE, ensuring compliance with the Federal Decree-Law No. 47 of 2022 on Corporate Tax. Businesses must file tax returns accurately and on time to avoid penalties.

Mandatory Requirements for Corporate Tax Return Filing

To comply with UAE corporate tax regulations, businesses must:

• Be registered for corporate tax with the Federal Tax Authority (FTA).
• Maintain proper financial records and prepare financial statements.
• File annual corporate tax returns within the prescribed deadlines.
• Pay any applicable corporate tax based on taxable income calculations.
• Adhere to UAE transfer pricing rules (if applicable).

Steps for Corporate Tax Return Filing

1. Gather Financial Records: Ensure all business transactions, invoices, and expenses are recorded accurately.
2. Prepare the Tax Calculation: Determine taxable income based on financial statements and allowable deductions.
3. Log in to the FTA Portal: Access the e-services portal of the Federal Tax Authority (https://eservices.tax.gov.ae/).
4. Complete the Corporate Tax Return Form: Fill in all required financial details and tax calculations.
5. Submit the Return Online: Upload necessary supporting documents and submit the return electronically.
6. Pay Corporate Tax Due: If tax is applicable, make the payment before the deadline to avoid penalties.
7. Receive Confirmation: The FTA will issue an acknowledgment upon successful submission.

Process of Corporate Tax Return Filing

• Step 1: Ensure financial statements and tax computations are ready.
• Step 2: Access the FTA e-services portal and navigate to the Corporate Tax section.
• Step 3: Fill out the tax return form with accurate financial data.
• Step 4: Upload supporting financial documents as required.
• Step 5: Review the details and submit the return before the due date.
• Step 6: Pay the corporate tax due (if applicable) through the approved payment channels.
• Step 7: Retain records and confirmation of filing for compliance purposes.

Deadlines for Corporate Tax Return Filing

• Filing Due Date: Businesses must file their corporate tax returns within 9 months after the end of their financial year.
• Payment Due Date: Any corporate tax due must also be paid within the same timeframe.
• Late Filing Penalties: Failure to file or pay on time may result in financial penalties imposed by the FTA.

In case you want to know the exact dates please visit https://app.uaetaxzone.ae/calculator-filing-date

Documents Required for Corporate Tax Return Filing

• Financial Statements (Audited if applicable)
• Tax Calculation Report
• General Ledger & Trial Balance
• Invoices & Expense Records
• Tax Registration Number (TRN)
• Transfer Pricing Documentation (if applicable)