Corporate Tax Return Filing Service in the UAE

Corporate tax return filing is essential for companies in UAE that entails the net profit and payable tax shown in a balance sheet. In the process of Corporate tax return filing, every sort of financial record has to be segregated to determine the payable corporate tax. To systematize the information on the steps and timelines for the Corporate tax return filing process in the UAE, the following is the guideline.

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Accounting Period	Return Filing Deadline - (09 Months)	If you Have Penalty to Waive off it, Return Filing Deadline (07 Months)
Jan 2024 to December 2024	September 30,2025	July 31, 2025
April 2024 to March 2025	December 30, 2025	October 31, 2025
Jan 2025 to December 2025	September 30,2026	July 31, 2026

How to File Corporate Tax Return in UAE

Here is a detailed procedure on Corporate tax return filing through the portal:

Registration

Check Tax Registration (In Case Has Not Been Done):-Please check that your company is registered for tax at the FTA before you submit your corporate tax returns.
If your company is not yet registered: Obtain a Tax Registration Number (TRN): Go to the EmaraTax home page, and look for and click on the Apply Now link and then fill in the registration form and submit the application. Once the documentation process is approved, one is issued with a TRN.

Documents Required for UAE Corporate Tax Return Filing

For Corporate tax return filing in the UAE, one must have essential documents that would capture all the financial transactions of the business for determining the amount of payable tax in line with the country laws.

Financial Records:- Essential documents include:

Profit and Loss Statements: These detail on how the company generates its revenues, the expenses incurred in the process and the revenues earned in a given period of time.
Balance Sheets: This document gives a statement of the financial situation of the organization at a given period of the year giving information on the assets, liabilities and equities of the business.
Cash Flow Reports: These reports illustrate the movement of cash within the business, providing insight into its liquidity.

Transfer Pricing Documentation

Essential for businesses involved in transactions with related parties, these records ensure compliance with arm's length principles.

Transfer Pricing Documentation: Narrative reports on the amounts and reasons for the prices in the transactions with related parties.

Comparable Uncontrolled Price (CUP) Method: technique employed in transfer pricing to benchmark the price of a transaction between associated companies with a similar transaction between different companies.

Related Party Transactions:- Businesses must disclose transactions with related parties, including subsidiaries, affiliates, and entities with common ownership, to ensure transparency and compliance by disclosing all transactions,the nature of the transactions and their value with documentary proof i.e.Agreements and Contracts.

What is meant by the filing of a corporate tax return?

Corporate tax return filing means submitting companies’ information to the taxation bodies with a taxation amount.

When Corporate Tax Return Filing is Due?

Corporate income tax filings are due on the fifteenth business day after the conclusion of the calendar quarter. File dates vary with the company’s fiscal year-end and any other fiscal rules and regulations in the respective jurisdiction.

What sorts of documents are required to be attached while filing corporate tax returns?

Balance sheet, income statement, and schedules of income and deduction as well as credits.

Whether corporate income taxes can be filed online?

Yes, corporate income taxes can be filed online for ease of filing, e-filing is supported in most jurisdictions for the convenience of the applicants.

What other deductions can a corporate body take in computing its income tax?

Subtracting expenses can be the salaries of employees, rent, utilities and other expenses that relate to doing business.

What measures should a business take concerning corporate tax filing?

The measures include collection of financial statements and records, ensuring the adequate record keeping and consulting the best tax advisor.

Is it possible that the corporate tax return can be filed after the due date/anticipated date?

Yes, but there are some conditions depending on the timeframe that businesses can demand for an extension.

As for the procedure of Corporate tax return filing in the UAE, it is essential to operate within the frameworks of certain rules and deadlines. Formulations that must be made towards the necessity of pricing and cost changes, addressing Free Zone conditions, and partnering with a professional and reputable tax advisor will act as tools to overcome the mentioned tax challenges.