Corporate Tax Registration Webinar Notes

Introduction

• The webinar is designed to guide taxpayers through the UAE corporate tax registration process.
• Corporate tax registration is currently open only for specific legal entity types resident in the UAE:
  • Public Joint Stock Companies
  • Private Shareholding Companies
  • Limited Liability Companies
• Entities not in the mentioned categories should await further guidance from the FTA.

Webinar Agenda

1. Introduction to the session and registration functionality.
2. Demo of the registration process for eligible companies.
3. Summary of key takeaways.
4. Q&A session.

Corporate Tax Registration Overview

• All UAE-incorporated companies are taxable entities and must register for corporate tax.
• If already registered for VAT or excise tax, the registration form will be pre-populated.
• Taxpayers not registered for VAT or excise must fill in all required details.
• Members of a group must register as individual entities first.

Registration Process Highlights

• Creating an Account on Emaratax Portal:

  • Visit Emaratax portal and click on "Sign Up."
  • Provide personal details including email, first and last names in both English and Arabic.
  • Set up a password and security code.
  • Verify account through an OTP sent via email or mobile.

• Corporate Tax Registration Steps:

  1. Entity Details: Fill in or verify pre-populated entity type, registration country, incorporation date, and tax period.
  2. Identification Details: Enter trade license details and upload necessary documents.
  3. Contact Details: Ensure correct contact information including mobile, email, and physical address.
  4. Authorized Signatory: Add details and upload documents for the authorized signatory.

Key Points and Issues in Registration

• Identification Documents: Update Emirates ID and passport in Emaratax.
• Shareholding Percentage: Ensure it matches the actual shareholding structure.
• Incorporation Date: Must match the company commencement date in the MoA.
• Tax Period: Verify the correct tax period.

Common Questions and Answers

• Some legal entities like sole establishments and branches of foreign companies should not register yet.
• UAE branches of UAE legal persons do not require separate registration; they are included in the head entity's application.
• If existing registration data is outdated, it must be updated for VAT and corporate tax purposes.
• Registering for a tax group requires separate registration for each entity before forming the group.
• Additional functionalities related to corporate tax will be rolled out over the next year.

Conclusion

• Feedback is encouraged via a QR code survey.
• Webinar ends with a Q&A session to address specific concerns about corporate tax registration.

This webinar provided essential guidance on corporate tax registration for eligible UAE entities, with practical steps for registration and important reminders about documentation and data accuracy.