Corporate Tax Filing UAE and EmaraTax Return Support

The service may include:

• Confirmation of the registered Tax Period
• Analysis of the existing financial statements
• Reconciliation of accounting profit to taxable income
• Preparing tax adjustment entries
• Taking into account the confirmed elections and reliefs
• Preparation of return disclosures and schedules
• Calculation of Corporate Tax liability
• Review of the filing position by management
• Support for Corporate Tax return submission
• Collection of the available filing confirmation
• Organisation of the return and supporting calculations

If a business needs an assessment regarding the need for Corporate Tax, Free Zone status or reliefs eligibility, it can ask for an expanded scope of work provided by our Corporate Tax Advisors in UAE.

Confirmation of Readiness for the Return

The initial phase of our corporate tax filing service entails confirmation of the readiness of the data needed to complete the Corporate Tax Return. These include Tax Period registration, Corporate Tax Registration number, and financial statements and accounting records. This stage may identify:

• A difference between the registered Tax Period and accounting period
• Incompletely prepared financial statements
• Lack of trial balance or ledger accounts
• Incompleteness in bank and control account reconciliation
• Incompleteness in schedule preparation to support balances
• Necessary information that requires clarification from the management

This process is limited to the filing readiness check only. In case of incomplete work on accounting, reconciliations, and financial statement preparation, this process might require additional Accounting Services UAE engagement.

Preparation of the Corporate Tax Computation

The profit or loss arising from the accounting records is taken as the basis of the Corporate Tax computation. We will use the available records to reconcile the accounting result with the taxable income as determined by us.

Depending on the business, the corporate tax computation may take into account:

• Income recognized in the accounting records
• Expenses related to business and non-business activities
• Expenses related to entertainment activities
• Income which is exempt from taxation
• Interest expenses and other financing charges
• Payments to Connected Persons
• Losses carried forward which can be proven from available records
• Foreign taxes paid which can be proved from the available evidence
• Confirmed reliefs and elections
• Other items relevant for the tax year

When the accounting for any particular transaction requires specific technical advice, it will be flagged up prior to finalizing the computation.

Completion of Corporate Tax Return & Schedules

Once the calculation is done, the respective Corporate Tax Return fields along with the required schedules are filled based on the information that is available and verified for the engagement.

This can include:

• Information about the Taxable Person
• Information regarding the Tax Period
• Accounting system/financial information
• Accounting Income/loss
• Adjustments to taxable-income
• Tax losses available
• Applicable tax credits
• Elections made
• Corporate Tax Liability
• Related Person/Connected Person disclosure
• Other relevant schedules

Only the relevant information pertaining to the business and its return will be taken into consideration for the filing process.

Confirmation of Management

Prior to submission, the above mentioned Corporate Tax computation and other material information for return are provided to the authorised person of the business.

Management could be requested to confirm:

• Financial information provided
• Material adjustments included in the computation
• Owner or entity of the group information
• Relief or election proposed in the return
• Any tax loss information
• Foreign tax information, if applicable
• Amount of Corporate Tax payable
• Authority for submission of the return

The return is submitted once all necessary information and management confirmation are received.

EmaraTax Return Submission Assistance

Once the confirmation is received, we provide assistance with the return submission using the authorised EmaraTax account of the business.

Submission assistance can include:

• Input of the reviewed return information
• Completion of the relevant schedules
• Upload of the documents, if needed
• Review of the return prior to submission
• Submission using the authorised account
• Getting the filing confirmation
• Communication of the payable amount
• Payment deadline registration

Return processing and clarification, if necessary, are carried out according to the procedures of the Federal Tax Authority.

Organisation of Post-Filing Records

Once the filing has been completed, the available filing documents are organised for the records of the company.

These may comprise the following:

• Copies of Corporate Tax Return filed
• Taxable income calculation
• Filing schedule
• Management’s confirmations
• Submission confirmation from EmaraTax
• Information on Corporate Tax payment
• Matters that should be taken care of in the next Tax Period

The list will vary depending on the agreed engagement and information available while preparing the file.

The usual documents needed for Corporate Tax return filing include the Corporate Tax Registration Number, trade licence, final trial balance, general ledger, financial statements and schedules of material balances. Other documentation may be required based on the entity's transactions, tax losses, foreign income and return disclosures.

For Corporate Tax Filing UAE, a tailored document request is shared after the initial filing discussion. If the accounting records require preparation or updating before the return can be started, our Bookkeeping and Accounting Support team can provide a separately agreed scope.

1. 1
   1. Filing Requirement Discussion

   We discuss the company, the Tax Period of the registration, filing requirement date, accounting position and required returns.

2. 2
   2. Document Request

   A filing list is provided based on the documents available to the entity and required disclosure on return.

3. 3
   3. Return Readiness Assessment

   The available statements, Trial Balance and Schedules are assessed prior to the computation.

4. 4
   4. Corporate Tax Computation

   The accounting outcome is reconciled against the taxable-income outcome based on the provided information in the Tax Period.

5. 5
   5. Return Preparation

   The required fields and disclosures of the return are provided based on the assessed filing information.

6. 6
   6. Management Confirmation

   The computation and material information on return are provided to the authorised signatory for confirmation.

7. 7
   7. EmaraTax Filing

   The Corporate Tax Return that is confirmed is filed via the authorised EmaraTax portal.

8. 8
   8. Filing Pack

   The provided copies of return, acknowledgement, computation and required schedules are packaged after filing.

Filing of the Corporate Tax Return and payment of the amount of Corporate Tax payable is usually required within nine months from the end of the respective Tax Period. The exact date depends on the Tax Period that the company chose.

Businesses should verify the Tax Period displayed in their EmaraTax profile. The FTA also advises businesses to allow sufficient time for payment processing before the deadline. The general nine-month requirement can be reviewed in the Federal Tax Authority's Corporate Tax filing guidance.

Corporate Tax return filing service from us is provided to various kinds of businesses depending upon the filing status of those businesses.

Foreign business or Free zone company or individual might first require separate advisory assessment of the Corporate Tax position.