Calculate and provide UAE corporate tax

Before you start

• Your Financial Year Start (Settings → Accounting) sets the tax period. Your corporate tax registration number goes in Settings → Organisation → Corporate tax registration number.

Steps

1. Click VAT & Corp. Tax in the left menu, then the Corporate Tax tab.
2. Choose the Tax period. A running period shows the figures to date.
3. Read the computation: accounting profit before tax from the ledger, add-backs (fines and penalties, the non-deductible share of entertainment, non-qualifying donations, interest above the cap), exempt income deducted, losses brought forward, the 0% threshold and the tax.
4. If you qualify, tick Small Business Relief.
5. Click Save computation to keep it.
6. After the period has ended, click Provide — Dr Corporate Tax Expense / Cr Corporate Tax Payable.
7. After filing with the FTA, click Mark as filed and enter the FTA reference (or leave it blank to only lock the computation).

What MAJA does for you

• Computes from the same ledger as the profit and loss statement, with the rates and thresholds from Settings → Compliance.
• Posts the provision dated the last day of the period and shows the due date. If the figure changes later, MAJA reverses the old provision at its own date and posts the new one.
• Reports → Tax → Corporate Tax Report shows the ledger profit with the threshold and rate.

Good to know

• Provide and Mark as filed stay disabled until the period has ended.
• A filed computation is final until you click Unfile.
• If corporate tax expense was posted by a manual journal, MAJA will not provide on top of it — reverse or correct that journal first.