How should businesses prepare for the UAE CT?

To get started with the UAE CT preparations, business must:

• Read the corporate tax law.
• Go through the information available on the Ministry of Finance and the Federal Tax Authority websites.
• Find out if the business will be subject to corporate tax, and if yes, then find the implementation date.
• Find out whether the business needs to register for CT or not.
• Look for the exact tax period and dates to file the tax.
• Search which applications or elections the businesses should make and similar details.