UAE: FTA Opens Pre-Registration for Corporate Tax through EmaraTax Platform
By BMS AUDITING
The FTA opens pre-registration for corporate tax through the EmaraTax platform starting from January 2023.
The Federal Tax Authority (FTA) has introduced an early registration for corporate tax through the EmaraTax platform for digital tax services, according to the taxation law, specifying that the Taxable Persons would be affected by the Corporate Tax from the beginning of their first financial year, that is during June 2023.
The Authority stated that the early registration period would be from January 2023 to May 2023 for specific categories of companies operating in the UAE. These companies would receive invitations from the FTA by email and SMS, enabling them to register via the EmaraTax platform.
Next, the FTA would declare when registration would open for other companies and businesses. The FTA ensures sufficient time for companies and businesses to apply for registration and meet their legal obligations. When registration begins, companies and businesses starting their financial year on 1 June 2023 would be given priority.
BMS Auditing has released the steps to register for UAE corporate tax in EmaraTax.
The Authority accepts feedback and suggestions during this phase to ensure consistent improvements of registration procedures and processes.
FTA Director General His Excellency Khalid Ali Al Bustani added that since the announcement of corporate tax in the UAE, the Federal Tax Authority strengthened its efforts, in collaboration with the competent authorities, to enhance procedures for implementing it as per the highest standards, and to ensure the efficiency, accuracy, and flawless administrative procedures, without affecting business operations and flow. The Authority has prioritized supporting all business sectors to be compliant with tax regulations and procedures through flexible approaches that are compatible with international best practices.”
His Excellency added that the Authority was committed to placing itself as a partner and merging with business sectors, making dedicated efforts to protect their interests and support the national economy at the same time through balanced and transparent procedures that strengthen the UAE’s competitive environment.
Here's how you can create or migrate your FTA account to the EmaraTax platform.
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