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UAE Corporate Tax Checklist

Ensure your business complies with UAE Corporate Tax regulations using this comprehensive checklist.

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Welcome to our comprehensive UAE Corporate Tax Checklist, an indispensable tool for businesses operating in the United Arab Emirates. With the introduction of Corporate Tax effective from June 1, 2023, for financial years starting on or after this date, businesses face new compliance challenges. This checklist is designed to help companies navigate the intricacies of Corporate Tax compliance, ensuring they meet all regulatory requirements and optimize their tax positions.


Whether you're a small business owner, a CFO of a large corporation, or an entrepreneur expanding into the UAE market, this checklist will guide you through the key aspects of Corporate Tax compliance. From understanding taxable income to filing procedures, from maintaining proper documentation to leveraging available exemptions, we've got you covered.

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Why use this checklist?
Corporate Tax compliance is not just about following rules—it's about strategic financial management, maintaining transparency, and contributing to the UAE's economic vision. Regular use of this checklist can help you:

  • Stay updated with Corporate Tax regulations
  • Identify potential tax savings and optimizations
  • Prepare effectively for tax audits
  • Avoid costly penalties and legal issues
  • Align your business practices with tax efficiency

Let's embark on your journey to full Corporate Tax compliance and optimization!



Note: We recommend bookmarking this page for easy access. As the UAE Corporate Tax landscape evolves, we regularly update this checklist to reflect the latest requirements and best practices.

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Registration and Preparation

Assess whether your business falls under the scope of UAE Corporate Tax.

Complete the registration process on the FTA portal.

Determine the start and end dates of your first Corporate Tax period.

Financial Record Keeping

Implement an accounting system that can accurately track taxable income and expenses.

Keep comprehensive records of all business transactions, contracts, and financial statements.

Maintain supporting documents for all income and expenses claimed.

Calculating Taxable Income

Determine which income streams are subject to Corporate Tax.

Identify and apply any applicable tax exemptions or exclusions.

Determine which expenses can be deducted from your taxable income.

Tax Return Preparation and Filing

Compile all necessary information to complete your tax return accurately.

File your Corporate Tax return online via the FTA portal within the specified deadline.

Ensure timely payment of any Corporate Tax owed to avoid penalties.

Compliance and Monitoring

Perform periodic reviews of your tax processes and calculations.

Regularly monitor for updates or changes in Corporate Tax laws and regulations.

Advanced Tax Planning

Investigate possibilities for tax relief within a group of companies.

Evaluate potential corporate structures that could optimize your tax position.

If operating internationally, consider the tax implications of cross-border transactions.

Frequently Asked Questions

When does UAE Corporate Tax come into effect?
UAE Corporate Tax is effective for financial years starting on or after June 1, 2023.
What is the standard Corporate Tax rate in the UAE?
The standard Corporate Tax rate is 9% for taxable income exceeding AED 375,000. A 0% rate applies to taxable income up to AED 375,000.
Are there any exempt entities from Corporate Tax?
Yes, certain entities such as government entities, extractive businesses, and qualifying public benefit entities may be exempt from Corporate Tax.
How do I register for Corporate Tax in the UAE?
Registration for Corporate Tax is done through the Federal Tax Authority (FTA) portal. You'll need to provide business details and relevant documentation.
What records do I need to keep for Corporate Tax compliance?
You should maintain detailed financial records, including income statements, balance sheets, cash flow statements, and supporting documents for all transactions.
How often do I need to file Corporate Tax returns?
Corporate Tax returns are generally filed annually, within 9 months from the end of the relevant Tax Period.
Can I claim deductions on my Corporate Tax return?
Yes, you can claim deductions for expenses incurred wholly and exclusively for your business, subject to certain conditions and limitations.
How does Corporate Tax apply to free zone companies?
Free zone companies can benefit from a 0% Corporate Tax rate if they meet certain conditions and comply with regulatory requirements.
What are the penalties for non-compliance with Corporate Tax regulations?
Penalties can vary but may include fines for late registration, late filing, or incorrect returns. It's crucial to ensure timely compliance to avoid these penalties.
How does the UAE Corporate Tax interact with VAT?
Corporate Tax and VAT are separate taxes. While VAT is a consumption tax, Corporate Tax is levied on business profits. However, both are administered by the Federal Tax Authority.

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