In line with the implementation of Corporate Tax in the UAE, all taxable entities are required to register for Corporate Tax with the Federal Tax Authority (FTA). Corporate Tax registration ensures compliance with the new tax regulations and allows businesses to fulfill their legal obligations effectively.
Additionally, the UAE tax regime allows for Corporate Tax Group Registration, where two or more eligible companies can form a tax group and be treated as a single taxable entity. This facilitates simplified tax reporting and potential tax benefits within group structures. To qualify, the parent company must hold at least 95% ownership, voting rights, and entitlement to profits and net assets in its subsidiaries. Both individual and group registrations must be completed within the timelines specified by the FTA to avoid penalties.
Our team of Corporate Tax experts is here to help ensure a smooth transition to this new Legislation for your business.
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