good morning this is Facebook naimi the session will start at 1105 to give the opportunity for more taxpayers to join thank you your taxpayers for hookah for the for those who can hear us please go to mobile settings then step two look forward look for WebEx meet and select it from the settings menu after that allow the WebEx meet to access your microphone so you can hear us the other taxpayers we are going to start within two minutes hello again we are going to remind the new join new journal to mobile the mobile joining instruction firstly with step one go to the mobile lens the mobile settings step to look for WebEx meet and select it from the settings menu after that allow the WebEx meet to access your microphone for these instructions I think everyone can hear us so now we are going to start with our session dear taxpayers this is facial Naomi welcome to the FTE corporate tax registration webinar we have arranged this webinar for you to guide to guide you through the registration process it is it is important to note that corporate tax registration is currently open only for the following legal entity types residents in the UAE which are the public joint stock companies and the other private companies such as limited liability companies if you are not one of those entity types please do not register until you receive further guidance from the FTE which will be communicated at a later time this year during the session we will walk you through the process of registration for corporate tax purposes we hope that this session will provide you with the necessary information required to help you to complete your corporate tax registration during the webinar a survey is available for you to provide feedback for this session the agenda we will walk you through the agenda for today we will go through introduction to the session along with the functionality which is uh depends on the city registration we will then provide a demo of registration process for joint stock companies and limited liability companies and summarize the key takeaways from the session at the end there will be a short q a session please note that the questions can be posted in the question and answer box kindly refrain for utilizing the chat box the questions will be limited to CTA registration process and for any technical information please refer to the MOX awareness session with this I hand over to my colleague Mr Kareem Muhammad to walk you through the webinar thank you Facebook thank you Faisal with you today Kareem Ahmed from awareness and Education team so today I will walk you through the registration process for corporate tax so generally all UE Incorporated companies and the UE are taxable person and subject to corporate tax and accordingly we need to register as you know if he announced the corporate tax registration has now opened to the following types of corporate taxpayers resident in Daily and only these should now be registering for corporate tax which are public joint stock companies and private shareholding companies in addition to private companies such as limited liability company this webinar has been scheduled to work you through the registration process and address any question you may have if you're ready register for that and excise tax then the form of registration will be pre-populated on the basis of the information available from email attacks however you can update incorrect pre-populated information and for those taxpayers who are not registered for that or excise and are required to register for corporate tax then the registration form will need to be populated with all the required details there will be a question answer session at the end of the webinar to answer any question related to corporate tax registration and for taxpayers who are a member of our group will be required to register separately as individual legal entities for corporate tax purposes first and at a later date members can then make an application to form a separate corporate tax group so FDA will announce this date in due course so right now we are going to speak about the future functionality dependent on corporate tax registration where the registration on the portal is required for taxpayers to be able to access any of the other functionalities some of the key functionalities that can be accessed includes the ability to file Returns the ability to submit applications obtain clarification in addition to changing the tax period and the registration so before we get into the demo I would like to highlight some key points in the corporate tax registration form the first one is the structure of the form similar to the existing vat and the excise tax forms for taxpayers who are already registered for biot and excise the formula will be automatically pre-populated based on your existing information available with the FDA however apart from a few key Fields like entity type ownership details Azure Fields can be updated if required taxpayer who are not registered for that nor excise tax will need to create a user profile in immoral tax portal before being able to proceed with the registration application so before we proceed with a video tutorial on how to register in the portal we will demonstrate how to create an account on immoral tax portal for those who are not already registered in Mr attacks for that or excise but if you are already registered for that index size the following demo will not be applicable to you so now we are going to see a video on how to create an account on email attacks first you'll need to type in more attacks at your search engine and then you will visit the portal and then you can click on sign up on the left side of the portal once you click on sign up you will need to add your details like first you need to add your email address then you need to add your first name in English in addition to your last name in English then you will need to add your first name in Arabic your last name in Arabic as well then choose your country code and then adding your mobile number once you add your mobile number The Next Step will be adding a strong password for your account and then retype it again at the confirm password box once you confirm with your password you'll need to add the security code once you added the security code you can click on continue once you clicked on continue you will receive a one-time password to your email address or mobile number the one-time password is a password include four numbers four digits you need to add them and then click on sign up once you clicked on sign up it means you have a profile with FDA then you can go again and enter your credentials your email address your password and after that you need to add the security code once you added your credentials or your account you will need to log in so we'll add the password and add the security code and then we are going to click on login once we click the on login you will have access to your profile so you are going to have like a journey Banner in front of you where you can take a quick Journey after that you will need to click on the taxable person to access your profile once you entered the tax person you will need first to create new taxable person where you are going to add your profile name in English profile name in Arabic preferred language of communication and the preferred Communication channel which could be email or both email and mobile number once you click create right now you have a new text Bill person account you can click on view to check your dashboard and go through it so once you entered your dashboard you can find a lot of tiles at the bottom which is value added tax taxi group excise tax warehouse keeper and finally corporate tax so as today is a workshop for corporate tax registration we are going to click on register and right now we are moving to the second demo of today which will be for the registration of corporate tax so we will visit again imara tax portal you are going to enter your credential where you can find add your email address and you can find the password box as well you need to add your password and after that you are going to enter your security code and then click on login as we mentioned for people who already registered with FTA they will need just to add their credential and for new people who are not registered with FDA they will need to create an account first and then login into their account once you added the security code and all the credentials you will need to click on login to move to the next step so once we clicked on login we are going to be redirected to our account on immortex Portal where you can find your tax bill profile which is that PP as we see and then we are going to click on view once we click the on view we are going to be redirected to the dashboard of our tax bill person profile as we see on the screen we see the value added textile Tax Group tile that clearing company tile in addition to excise tax warehouse keeper and at the end you will find the tile which is related to corporate tax as we are going to have a look on how to register for corporate tax we are going to click on register under corporate tax once we click on register we are going to be redirected first to the first step over before it we are going to see the service card itself so in the service card you will find a lot of information like you are going to find a video tutorial on corporate tax and its registration you will find as well the user manual in regards to corporate tax in addition in addition you are going to find a lot of information about the service the eligibility criteria in addition to the services steps and finally the FAQ you need to read all the information and make sure that you understand all the information in front of you and after that we are going to confirm that you have read all the instruction and then click Start which is on the bottom right so once we click the uninstalled we will be redirected to the first step of the corporate tax registration so we are going to click on start so this is the first step for the corporate tax registration which is the entity details as we mentioned taxpayers who already registered with FDA for vat or excise tax most of the information will be pre-populated as you see and some of the information will need to be filled in so in regards to the entity details you will find your entity type your entity subtype in addition to the country of registration incorporation which we are going to choose here right now and then you can find the date of incorporation and at the end you will find the corporate tax period make sure to choose the correct corporate tax period for your entity after that as you see at the button right you can find cancel save as draft or next step if you want to continue the registration process on a later stage you can save it as a draft or if you want to cancel it you can cancel it and start from the beginning on a later date so we are going to click next to move to the next step which is the identification details where the identification details will include the main license details like your trade license issuing authority trade license number license issued it and in addition to the license expiry date and the legal name in Arabic and the legal name in English so you will need to make sure to upload a copy of the trade license if it's not there in addition to that if you want to check your business activity you will find it here but if you want to edit it you can click on the three buttons on the right and then click edit where you can add an industry you can add the main group subgroup activity and activity code as well if you want to update your business activity if not and if you want to add a new business activity you can click on ADD business activity where you can add your industry the main group subgroup and the activity of the new business activity so moving next will be the owner list and the owner type where you can edit it you can check the legal name the owner type the legal name and trade name in English legal name in Arabic trade name in Arabic as well trade license issuing authority in addition to the trade license number and the trade license expiry date all of that you can find the green button on on the right which you will need to upload a copy of your trade license if needed and at the end you will find the ownership start date and the shareholding percentage so once you finalized all of that and make sure that the information is correct if you have a local branch under your company you need to add it here click on yes and add your new Branch where you will need to add the trade license issuing authority the trade license number for the branch the license issue date the license expiry date and the trade name in English in addition to the trade name in Arabic and at the end you can upload the trade license if you don't have a branch keep it or no after that we are going to click on next step to go to our third step will be the contact details in the contact details where you can find the country the building name in addition to the street and area and the city and finally the emerged after that you need to make sure that your mobile number is correct the country code is correct as well if you have a landline you can add it and make sure it's correct if you are already registered it will be pre-populated after that you will find the email and Bo box once you confirm it that all information is correct you can click on next step and where we move to the final step which is the authorized signature once you clicked on edit for the authorized signatory you can find a lot of information in regards to the same topic where you can find the first name in Arabic and in English the country code all the information like Emirates ID expiry date you will need to upload the Emirates ID as well in addition to a copy of the passport and the passport number please make sure that all your uh the information of the authorized signature is updated while uploading them and then we are going to click on next step so those are the four main steps for the registration our last step will be for as it's like a summary for the four steps you have been through for the registration where you can go through them read them clearly and make sure that all the information is correct if you want to edit a specific step you can click on the edit button which will appear on each step on the top right of the step and at the end you can declare that all the information is correct and you are sure of that once you confirm it and declared you can click on submit so once you clicked on submit so in this case your application has been sent and submitted to the federal tax Authority so the federal tax Authority will review your application and if we need an extra information or extra data we will get back to you asking for the same or it could be approved and in in this case you will receive an email from the federal tax Authority including the tax registration number for corporate tax so this is a quick demo on how to register and how to create an account as well for immoral Acts so before going to to the key takeaways we will have a couple of points to highlight so there are some common issue impacting your CTE registration process so the first point will be the identification document if you're already a taxpayer in imara tax please make sure to update your valid identification documents such as Emirates ID and passport as well as this is a mandate reaction we requested the second point with us today will be the shareholding percentage please make sure to to ensure that the shareholding breakdown percentage assigned to each shareholder correspond with the actual percentage the third point with us today will be the incorporation date the incorporation date must must match the company commencement date stated in demoing and finally will be the tax period please verify the appropriate tax period for your entity so we will now summarize the key takeaways from the session please pay attention that CT registration is only available to the following legal legal entity types resident in the UE which are public joint stock companies private shareholding companies and other private companies such as limited liability companies if you are not one of the above two entities please do not register until you receive further guidance from the FDA which will be communicated at a later time this year if you are already registered for that and exercise then as we have seen the CT registration information will be pre-pivolated on the basis of the vat and excise tax details already available in the FDA with Mr attacks for those taxpayers who are not registered for bad or excise tax or required to register for City then the registration form will need to be populated with all the required details and if you are already registered for wettending size then upon submission of the registration you are required to make sure that your vat excise tax details are updated anymore tax profile with the immortal tax registration profile details we need to be updated the following document should be ready before starting the registration process and you will be required to update the documents where these are expired these documents could include the valid trade license business license details authorized signatory passport Emirates ID proof of authorization either POA or Moe also please note that once the registration process is completed the FDA will review the submitted application and the FDA may require additional information in order to process your application process once your application has been approved you will be notified by an email and a corporate tax registration number will be issued and now I'm going to hand over back to my colleague threesome before moving to the last part of our journey uh which is the Q a session we will leave the QR code of the survey on the screen your participation is agreed greatly appreciated to learn more about your experience in today's session here taxpayers now we are going to start our q a session I'm going to ask my colleague Karim some questions and we will be happy to hear from him so Kareem will start with our first question which is which legal entities which legal entities are not allowed to register for the corporate tax now so official CT registration is only available to public joint stock companies private shareholding company in addition to other private companies such as limited liability companies which are resident in the aue for example sole establishment and branches for foreign companies should not register now therefore if you are not one of the two eligible entity types do not register until you receive further guidance from the FDA which we are going to communicate in the near future do we need to register separately from the branches of UAH geological persons so UE branches of ioe is a radical person are not required to separately register or file for uect branches are not a separate legal person from the head entity and therefore do not need to register separately but the details of the branch need to be included in the registration application of the head entity great what happens if the existing registration data is outdated so for applicants who are Vat registered the system will be will sorry the system will pre-populate certain data fields with existing information such as owners and authorized signatory first last name as well in English and Arabic this information should be validated and were necessary updated for City and vat purposes accordingly Karim you have mentioned the functionalities when will this becomes available so over over the course of the coming year the various functionality will be available on the system and will become available as well upon deployment and how uh how can I and how can I register for a tax group so all companies will will be required to register separately first legal entities that wish to form a corporate tax group are required to register individually and then may apply to form a corporate tax group at a later date and my last question to you Kareem when will City registration functionality be available to branches of foreign entities So currently registration is available as we mentioned to public joint stock companies private shareholding companies in addition to private companies such as limited liability companies resident in the AOE and the FDA will announce when registration will be open for other entity types and in addition to that when tax agent will be available a when tax agent will be able to register businesses at a later date the FDA will make sure to give ample time for companies and businesses to apply for registration and meet the legal obligations as well thank you Kareem dear taxpayers we reached to the end of our journey uh please scan the QR code in order to provide your feedback thank you all for being here today with us and we are going to keep the barcode the QR code sorry for uh for a couple of minutes and thank you all for being with us today