In the United Arab Emirates, corporate taxation was introduced to strengthen its status as a major centre for trade, investment and commercial activities. The deadline for filing corporate taxes is nine months after the fiscal year concludes. Corporate tax deadlines differ by financial year of each business. Below is a thorough summary of corporate tax filing deadlines.
Corporate Tax in UAE
To apprise Federal Decree-Law No. 47 of 2022, regarding the Taxation of Businesses and Companies, the United Arab Emirates issued Federal Decree-Law No. (60) of 2023. Since June 1, 2023, corporate tax has been in action.
As of 2024, corporate tax in UAE registration is in development stage, and business establishments must file the UAE corporate tax commencing with the current quarter’s fiscal year (December 2024).
Corporate Tax Registration
A Business setup in Dubai is immune from corporate taxes on taxable profits up to AED 375,000. However, any company that makes more than that must register with the FTA. Finding the appropriate tax rate for your business kind and presenting thorough financial records are two steps in the registration procedure.
Corporate Tax Registration Deadline
To avoid incurring penalties for delaying the required documents for this registration, especially income statements and audited financial reports, businesses must be proactive in their preparation for the corporate tax registration deadline in the UAE.
Overview of Corporate Tax Filing in the UAE
Businesses need to have a corporate tax recognition number and register for company tax, which is obligatory for all Taxable Persons (including Free Zone Persons).
Corporate Tax Filing Deadlines
Corporate tax returns must be filed by businesses in the United Arab Emirates once every tax period. Companies must file their company tax return and make the necessary payment to the Federal Tax Authority (FTA) within nine months after the end of their tax deadline.
| Sl.No. | Financial Year | Timeline - Corporate Tax Return Filing |
|---|---|---|
| 1 | 1 June 2023 to - 31 May 2024 | 1 June 2024 - 28 February 2025 |
| 2 | 1 January 2024 to 31 December 2024 | 1 January 2025 - 30 September 2025 |
| 3 | 1 April 2024 to 31 March 2025 | 1 April 2025 - 31 December 2025 |
Financial Year - 1 June 2023 – 31st May 2024
Financial Year – 1st January 2024 - 31st December 2024
Financial Year – 1st April 2024 to March 31st, 2025
Penalties for Filing Corporate Tax Returns Late
Violations
The legal representative's failure to submit a tax return before the deadline.
The Registrant's failure to file a tax return in the allotted period.
Failing to submit a Declaration to the Authority as per timeline.
A&A Associate Business consultant Dubai - Corporate tax filing deadline
When a company considers hiring corporate tax consultants in Dubai, one of the familiar names is A&A Associate. A&A Associate is a reputable business consultancy firm where experts provide guidance on filing corporate tax in the UAE. Their expertise and knowledge prove beneficial in ensuring that all the set time limits are met and all the paperwork submitted is free from errors, besides freeing their clients from tax obligations. You will be able to conduct your business and retain knowledge that our competent team will offer internal audit services and other services like Tax Advisory Services and Tax Compliance to ensure that you do not violate the law in terms of compliance with tax laws.
For expert assistance, contact us at +971 54 793 9972 or email us at enquiry@aaconsultancy.ae.
Frequently Asked Questions
- Up to AED 375,000, there is no annual net profit.
- 9% for net profits over AED 375, 000 per year
- Undertake a systematic assessment of the effect of corporate taxes.
- Register for a corporate tax.
- Maintain books of accounts.
- File an annual FTA return.
Yes, Free Zone businesses must register.
