For decades, Dubai was a tax-free haven. But in 2018, with the introduction of VAT and corporate tax in 2023, businesses had to step up their game in terms of tax filing in the UAE. If you are new to this, it may seem overwhelming—like trying to put together a puzzle with missing pieces. The good news, though, is that tax time in Dubai does not have to be stressful. With the right help, you can keep your finances in check and away from troubles.

Let’s go through it step by step.

Step 1: Know what taxes apply to you.
First up is to determine what taxes your business is required to pay. The two main taxes are:
• Value Added Tax (VAT): A 5% tax is applied to the majority of goods and services traded in Dubai. Also, if your annual tax supplies go over AED 375,000, you are required to register for VAT and handle your VAT return filing in Dubai properly.
• Corporate Tax: A 9% tax is applied to business profits over AED 375,000. This is for most businesses, which will be effective from the financial years starting June 1, 2023. For businesses, understanding the corporate tax filing in the UAE early helps avoid last-minute confusion.

Not every company treats tax payment as a given, but when you understand your responsibilities from the very beginning, it really does save you time and stress later on.

Step 2: Register on time.
Once you hit the threshold, you’ll need to register with the Federal Tax Authority (FTA). This process is done online through EmaraTax, at which point you will have to provide your trade license info, company docs, and bank account info.
Missing out on registration deadlines may result in penalties, so don’t delay. If in doubt, get in touch with an expert early on who understands the tax filing requirements in the UAE.

Step 3: Maintain accurate records.
Here is a point of failure for many companies. Filing is not just input of data—it is also about proving out that data. Which means they should be keeping:

• Invoices issued and received
• Receipts for expenses
• Bank statements
• Payroll records

These records must be precise and stored safely for at least 5 years. Cloud-based accounting software can help with corporate tax filing in the UAE and VAT return filing in Dubai, reducing the risk of human errors.

Step 4: Know Your Filing Dates
• VAT Returns: Also on a quarterly basis, but some companies report monthly depending on the size of the business.
• Corporate Tax Returns: Filed on an annual basis, typically within 9 months of the end of the financial year.

Put these on your calendar. Late submission—even by accident—is subject to fines that can add up quickly, especially under the new tax filing guidelines in the UAE.

Step 5: File Online Via the FTA Portal.
Tax returns are filed through the FTA’s online portal (EmaraTax). The process includes:
• Logging into your account
• Filling out the required information (sales, expenses, and tax collected)
• Uploading supporting documents
• Filing out your return and paying what tax is due

It’s a simple process when your information is correct, but entering the wrong numbers in any field can lead to audits or penalties under corporate tax filing in the UAE rules.

Step 6: Steer Clear of Errors
Some issues we see over and over again, like:
• Missing receipts and incomplete records
• Confusing exempt supplies with zero-rated ones
• Forgetting to reconcile accounts before filing
• Submitting after the deadline

Each of these issues may bring up charges against you or draw the attention of the authorities overseeing VAT return filing in Dubai.

Step 7: Decide if you require expert help
While some may take the do-it-yourself route for tax filing in the UAE, many businesses in Dubai go the professional way. Why? They:
• Keep track of changing tax laws.
• Do the math and reports for you.
• Help with tax planning.
• Adhere fully to the rules and regulations.

Picture it this way: hiring a pilot for a plane—you may try to fly it yourself, but the risk of error is too great.

Final Thoughts
Filing taxes in Dubai does not have to be a stressful experience. With the right preparation, which includes knowing what is expected of you, maintaining good records, meeting deadlines, and using the EmaraTax portal, you can remain in compliance without the stress. Also, if you would prefer not to deal with tax complications, we recommend working with a trusted advisor—which is the best decision you can make.

Why Choose AMD Chartered Accountants?
At AMD Chartered Accountants, we simplify the tax filing in the UAE for you. We bring to you local expertise, global standards, and hands-on support, which in turn ensures your business’s compliance—without you losing out on time, money, or peace of mind.
Whether you require support with VAT return filing in Dubai, corporate tax filing in the UAE, or full-scale accounting, we are at your service.
Contact us at AMD Chartered Accountants today—we will take care of your taxes, which in turn will allow you to grow your business.