Follow Us On:
Facebook-f Twitter Youtube Linkedin-in Youtube
Contact Us

We provide continued support with annual filings, renewals, and compliance updates to keep your business legally sound.

Gallery Posts

Working Hours

Mon - Sat: 09:00 - 06:00

TAX Return Filling 

  • Home
  • TAX Return Filling 

Corporate Tax Return Filing in the UAE

Filing corporate tax returns is a critical obligation under the UAE’s new corporate tax system, established by Federal Decree-Law No. 47 of 2022. This law requires businesses to file their tax returns accurately and in a timely manner to ensure compliance with UAE tax regulations.

Corporate Tax Return Filing Regulations

1. Definition and Requirement

  • As per Federal Decree-Law No. 47 of 2022, a corporate tax return is defined as “Information filed with the Authority for Corporate Tax purposes in the form and manner as prescribed by the Authority, including any schedule or attachment to it, and any amendment thereof.”

2. Filing Deadline

  • Tax Period: Typically, the tax period corresponds to the financial year of the business.
  • Filing Deadline: Taxpayers must file their corporate tax returns within nine months following the end of the relevant tax period. Specific deadlines will be directed by the Federal Tax Authority (FTA).

3. Filing Process

  • Online Submission: Corporate tax returns must be filed electronically through the FTA’s e-Services portal.
  • Supporting Documents: The return must be accompanied by all relevant information, documents, and records to substantiate the details provided.
  • Tax Group Filing: If the company is part of a tax group, the parent company is responsible for filing the return on behalf of the entire group.

Steps for Corporate Tax Return Filing

1. Gather Documentation

  • Collect all necessary financial records, tax invoices, and supporting documents. Ensure that you have accurate and complete information regarding income, expenses, and any necessary adjustments.

2. Complete the Corporate Tax Return Form:

  • Access and complete the corporate tax return form on the FTA’s online portal. Provide details such as:
    1. Total taxable income
    Taxable deductions and reliefs
    2. Adjustments and additional information
    3. Ensure all information is accurate and complete.

3. Handle Queries and Audits

  • Be prepared to address any queries from the FTA or provide additional documentation if required during a tax audit.

4. Review and Verification

  • Review the completed form and supporting documents to ensure accuracy. Verify that all required schedules and attachments are included.
5. Submit the Tax Return
  • Submit the completed form and all supporting documents through the FTA’s online portal before the deadline.

6. Payment of Taxes

  • Calculate the total tax liability based on the information provided in the return. Make the payment according to the FTA’s instructions.

7. Confirmation and Record Keeping

  • After submission, obtain and keep a confirmation from the FTA. Retain a copy of the submitted return and confirmation for your records.

Our Corporate Tax Return Filing Services

Mantraa Advisory Service   is a leading firm specializing in tax-related compliance in the UAE. With extensive experience in various advisory services, including succession planning, corporate group structuring, and transfer pricing, we now offer dedicated support for corporate tax return filing.

Services Provided:

  • Documentation Preparation: Assistance in gathering and preparing all necessary documents for filing.
  • Tax Return Completion: Expert help in accurately completing and reviewing the corporate tax return form.
  • Submission: Support for the online submission of the tax return and supporting documents.
  • Tax Payment: Guidance on calculating and making tax payments.
  • Disclosure Forms: Help in preparing additional documents for transactions with related parties and connected persons.
  • Ongoing Support: Continuous support for handling queries from the FTA and preparing for audits.

Contents of the VAT Return Form (VAT 201)

The VAT 201 form is divided into several sections:

  1. VAT on Sales and Outputs (Box 1 to 8): Details VAT collected from customers on all taxable supplies, including standard-rated, zero-rated, and exempt supplies.
  2. VAT on Expenses and Inputs (Box 9 to 11): Details VAT paid on purchases and imports, including reverse charge transactions.
  3. Net VAT Due (Box 12 to 14): Calculates the difference between output VAT and input VAT. If output VAT exceeds input VAT, the difference is payable to the FTA; if input VAT exceeds output VAT, you can claim a refund or carry it forward.

Additional reporting requirements may apply based on specific business conditions (e.g., Profit Margin Scheme, GCC transactions).

How Mantraa Advisory Service Can Simplify VAT Filing

Mantraa Advisory Service   offers solutions to streamline VAT processes:

  • Enhanced Efficiency: Automates data entry, categorization, and reporting, reducing time spent on VAT tasks.
  • Real-Time Visibility: Provides access to current financial data to address tax issues proactively.
  • Accuracy and Compliance: Auto-applies tax codes and rules, ensuring compliance with VAT regulations.

Seamless Integration: Easily integrates with existing ERP systems or accounting software for accurate reporting.

You need to

Why Choose Us?

  • Accurate Tax Calculations: We ensure that your taxable income is calculated correctly by reviewing all income records.
  • Streamlined Accounting: Our year-round corporate tax accounting services help in maintaining accurate records, which simplifies the tax return filing process.
  • Regulatory Compliance: We assist in preparing and maintaining records as required by corporate tax regulations, including storage for seven years.

Get In Touch

Get expert guidance on Tax Return Filing with Mantraa Advisory Services. Our team ensures accurate, compliant, and timely filing, minimizing your tax liabilities and maximizing benefits. Simplify your tax season—let Mantraa handle the complexities while you focus on growth. Reach out today for hassle-free tax solutions!

CONTACT US