Corporate Tax Registration - Ajman Free Zone (AFZA)
Legal Person Registration under UAE Corporate Tax - Ajman Free Zone (AFZA)
We facilitate and advise on the UAE Corporate Tax and getting UAE Corporate Tax Registration for the Ajman Free zone based companies, institutions and entities subject to Corporate Tax Regulations in UAE with the Federal Tax Authority (FTA).
All taxable persons either juridical or natural person, are required to register and obtain a Corporate Tax Registration Number as per the UAE Corporate tax Regulations which have came in effect from 01 June 2023. Taxable persons could be either legal person our natural person.
It is necessary to look in the following definitions provided in the UAE Corporate Tax Regulations to identify the obligations of a legal person based in Ajman Free Zone to register under the UAE Corporate Tax.
Legal Person (Juridical Person):
A legal person refers to an entity incorporated or otherwise established or recognized under the laws and regulations of the UAE, or under the laws of a foreign jurisdiction, that has a legal personality separate from its founders, owners and directors. Separate legal personality means that the entity has its own rights, obligations and liabilities distinct from its founders or owners.
Resident Legal Person (Juridical Person):
A legal person is a Resident Person for the purposes of Corporate Tax in UAE if it is incorporated or otherwise established or recognized in the UAE (this includes juridical persons incorporated, established or otherwise registered in Free Zones) or incorporated or otherwise established or recognized outside the UAE but is effectively managed and controlled in the UAE.
Non Resident Legal Person (Juridical Person):
A foreign legal person that operates in the UAE through a Permanent Establishment or that has a taxable nexus in the UAE would also be subject to Corporate Tax
Corporate Tax Registration
Who should register under the UAE Corporate Tax ?
A Taxable Person shall register for Corporate Tax with the Authority in the form and manner and within the timeline prescribed by the Authority and obtain a Tax Registration Number unless otherwise it is exempted from the obligation of the UAE CT Registration.
Also the Taxable Persons are required to file a Corporate Tax Return, irrespective of whether they have made a profit or not. Taxable Persons with Tax Losses should ensure they file a Corporate Tax Return in order to ensure that these losses can be used to reduce Taxable Income of future Tax Periods.
Legal Person (Juridical Person) subject to the Corporate Tax :
01. Legal (juridical persons) incorporated in the United Arab Emirates
02. Foreign Legal (juridical persons) that are effectively managed and controlled in the United Arab Emirates
03. A Foreign Legal (juridical persons) that operates in the United Arab Emirates through a Permanent Establishment
04. A Foreign Legal (juridical persons) that has a taxable nexus in the United Arab Emirates
Who is a Taxable Person ?
A Person subject to Corporate Tax in the UAE under the Corporate Tax Law.
Tax Registration :
Tax Registration under UAE CT is a procedure under which a Person registers for Corporate Tax purposes with the Authority. The registration for the same is to be made on the Emara Tax Portal of the Federal Tax Authority
Tax Registration Number (CT TRN) :
Tax Registration Number under UAE CT is a unique number issued by the Federal Tax Authority to each Person who is registered for Corporate Tax purposes in the UAE.
Where to Register for the CT TRN ?
Persons that are required to register for Corporate Tax will need to set up an online account on the Emara Tax Portal of the Federal Tax Authority.
Type of Legal Persons based in Ajman Free Zone (AFZA)
FreeZone Establishment (FZE)
As per Ajman Free Zone, companies obtaining or holding a license under this category will have the status of an entirely independent corporate entity.
FreeZone Company (FZC)
Branch of a Local Company
Branches of a domestic or foreign juridical person are regarded as an extension of their head office and, therefore, are not considered separate juridical persons for the purpose of the UAE Corporate Tax Regulations.
Branch of a Foreign Company
Branches of a foreign juridical person are regarded as an extension of their head office and, therefore, are not considered separate juridical persons for the purpose of the UAE Corporate Tax Regulations.
Why Gupta Accountants ?
- Professionally qualified Chartered Accountants with in-depth knowledge about the UAE Corporate Tax.
- Cost Effective Corporate Tax compliance services.
- Compliance to local, International standards & applicable rules and regulations.
- Comprehensive support on compliance with the UAE Corporate Tax