A Guide to Corporate Tax Return Filing in UAE
Corporate Tax Return Filing in UAE
It is mandatory for all the businesses to submit corporate tax return filing in UAE. We are offering optimized corporate tax return filing services in UAE. Once the corporate tax registration is done, businesses in UAE will file corporate tax return once a year. Corporate tax return must be filed within 9 months after the end of the selected tax period.
Requirements for Corporate Tax Return Filing
List of documents that are required for Filing Corporate Tax Return is provided below (where applicable):
1. Financial statements
2. Local File (Transfer Pricing documentation)
3. Master File (Transfer Pricing documentation)
4. Evidence of Foreign Tax Credit paid (If a foreign tax credit is claimed)
5. Confirmation of ownership and the right to exploit the Qualifying Intellectual Property – Patent, Copyrighted software or Another right functionally equivalent to a patent.
6. Record of Qualifying Expenditures and Overall Expenditures incurred
7. Record of Overall Income derived from the Qualifying Intellectual Property
8. Document which sets out the link between Qualifying Expenditures and Overall Income derived from Qualifying Intellectual Property.
9. Documentation to support the market value of the Qualifying Immovable Property at the start of the first tax period
10. Documentation to support the market value of the Financial Assets/Liabilities at the start of the first tax period
How to file corporate tax return in UAE?
Businesses who are registered under the corporate tax must submit corporate tax return through Emaratax electronically. You can login to FTA portal by UAE Pass and proceed with the corporate tax return filing.
Will free zone companies file corporate tax return?
All the free zone companies are required to submit corporate tax return. They are subject to standard corporate tax rate (9%).
Corporate Tax Services in UAE
Xact Auditing is offering timely and accurate corporate tax filing services in UAE. We streamline your tax compliance journey. Our knowledgeable and professional corporate tax consultants will ensure that businesses file corporate tax return on time and as per the tax laws defined by the Federal Tax Authority. For high quality corporate tax return filing services, contact us.
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