Filing Requirements

Corporate tax returns must be filed annually with the FTA. The filing must include:

  • Financial statements for the relevant financial year
  • Computation of taxable income
  • Details of deductible expenses
  • Any other documentation as required by the FTA

Deadlines

The corporate tax return must be filed within nine months of the end of the financial year. For example, if a company’s financial year ends on December 31, the tax return must be filed by September 30 of the following year.

Payment of Tax

The payment of the corporate tax is due at the time of filing the tax return. Businesses can make payments electronically through the FTA’s online portal. It’s essential to ensure timely payment to avoid penalties and interest on late payments.

Audit And Record-Keeping

Mandatory Record-Keeping

Businesses are required to maintain accurate records and documentation to support their tax returns. These records must be retained for at least five years from the end of the relevant financial year.

FTA Audits

The FTA may conduct audits to verify the accuracy of tax returns and compliance with tax laws. Businesses must fully cooperate with the FTA during the audit process, providing access to all relevant records and information.

Why Analytix Accounting & Bookkeeping

Engaging our experts for your UAE corporate tax submission ensures that your business remains compliant with the latest regulations, minimizes tax liabilities, and maximizes financial efficiency. Our comprehensive range of services covers every aspect of the tax submission process, providing you with the peace of mind that your tax affairs are in capable hands. Let our experts guide you through the complexities of UAE corporate tax and help your business thrive in the ever-changing regulatory landscape.