As per the UAE Corporate Tax Law and following implementing decisions, from June 1, 2023, all taxable persons and entities (including Free Zone companies making under AED 375K per year) are required to register for UAE Corporate Tax and obtain a Corporate Tax Registration Number.

Here are three steps all Freezone, Mainland companies and Freelancers must take to comply with the UAE’s new Corporate Tax Law:

1. REGISTRATION

Register for corporate tax from June 2023

2. ACCOUNTING

Keep proper accounting records

3. FTA SUBMISSION

File a corporate tax submission with the UAE’s Federal Tax Authority

We at VK LAW CONSULTANCY understand the complexities of tax registration procedures and up-to-date accounting requirements, and we’d be happy to lend you a helping hand and take care of all tax-related and accounting tasks.

Please contact us to learn more about your new tax obligations or schedule a free consultation.