Companies tie up to facilitate corporate tax registration

Inayat-ur-Rahman, Business Editor

In light of the new corporate tax law aimed at enhancing financial transparency, government service centers across the nation have witnessed a significant surge in companies registering for corporate tax.

This surge in demand comes in the wake of the strategic partnership announced between Alreaya-Enjaz” Center and “Ahmed Mahfoudh Certified Public Accountants-Al Ain,” a tax agent accredited by the Federal Tax Authority, aimed at facilitating registration procedures and providing the necessary support to clients in all accounting and tax matters.

Mubarak Al-Rashdi, General Manager of Alreaya Centers, commented on the partnership agreement: “We are delighted with this collaboration, which adds a new service to the center that is essential for the upcoming phase regarding legal accounts, tax reports, and company liquidation systems, along with several other government services provided by the center.”

Al-Rashdi explained that the high demand witnessed by the center reflects clients’ trust in the provided services and the efforts made to simplify the registration process. He emphasized that the center is always striving to deliver high-quality services that meet companies’ needs and enable them to comply with tax requirements efficiently and promptly.

Samah Abdullah, General Manager of “Ahmed Mahfoudh Group,” stated that the collaboration with the “Alreaya-Enjaz” TASHEEL Center aims to provide comprehensive solutions and specialized technical support for services related to tax reports, company liquidation systems, preparing general budgets, and all tax, accounting, and legal services.

Abdullah highlighted that a specialized team is diligently reviewing applications and ensuring their accuracy before submitting them to the Federal Tax Authority. He stressed the importance of companies included in the upcoming phases adhering to the specified registration deadlines, which contributes to improving efficiency, delivering better services, and avoiding congestion in the final days as occurred in the first phase.

Officials from “TASHEEL” centers reported a notable increase in the number of registered companies, leading to extended working hours and the recruitment of additional staff to meet the growing demand. This influx is expected to continue until the deadline for registration.

Although the first registration phase ended on May 31, companies still have the opportunity to register in subsequent phases. Companies that issued their licenses between early March and the end of April must register in the second phase by the end of June. Additionally, companies that issued their licenses between early May and the end of May have until the end of July to register, thereby avoiding any violation of tax regulations.