Built from the FTA Corporate Tax Return guide (CTGTXR1). Covers the core return for a standalone Taxable Person — natural person or juridical person, mainland or Free Zone. Tax Groups, Business Restructuring Relief, and detailed transitional/participation-exemption schedules are flagged but not fully computed in this version. This is a planning & drafting aid, not a substitute for filing on EmaraTax or for advice from a qualified tax professional.
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Review Section 16 figures from the TP Toolkit
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Don't have financial statements yet? Section 4 below (Profit & Loss, OCI, Balance Sheet) is where this return needs them. Build IFRS-compliant financial statements from a bank statement or GL dump in MagicFS ↗, then send them here automatically — no retyping. Already have MagicFS figures ready? Jump to Section 4 →
1 · Taxpayer Details
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Assessed your Corporate Tax compliance yet? Work through the full compliance checklist — Small Business Relief, Free Zone substance, Tax Group, elections, reliefs, transitional rules, documentation and more — in the UAE CT Compliance Toolkit ↗, then bring the results in below to clear the compliance flags on each section.
Taxable Person type (FTA CT Return Section 4)
This selects which fields below apply — mirrors EmaraTax Section 4, which tailors the return by taxpayer type. Fields common to every type are asked once, immediately below.
Revenue/Turnover per taxpayer type (4.1.3 / 4.2.6 / 4.4.4 / 4.5.4) is taken from the Section 2 Business Activities total below, not re-entered here.
4.1 · Natural persons
Cash basis of accounting is only available if Turnover does not exceed AED 3,000,000 in the Tax Period (Art. 20(5)(a) CT Law).
4.2 · Juridical persons
Residency determination (4.2.12–4.2.20)
4.4 · Unincorporated Partnership treated as a separate Taxable Person
This taxpayer type uses the same MNE, partner-in-UP, accounting basis and multiple-business fields set out above — the FTA guide asks an identical question set for it. Revenue is taken from the Section 2 Business Activities total.
4.5 · Tax Groups
Not yet available in this tool. A Tax Group return consolidates multiple entities into one filing — parent plus subsidiaries, intra-group eliminations, one shared Small Business Relief / QFZP determination — which needs a separate multi-entity data model. Planned as a later addition; contact altaf.ai to have a Tax Group return prepared manually in the meantime.
4.3 · Free Zones
Whether you actually qualify as a Qualifying Free Zone Person (4.3.3) is determined automatically in Section 3 · Free Zone Schedule below, from the de minimis and substance tests — it's no longer a manual toggle. This field is only for a voluntary opt-OUT election.
Business Activities & Revenue (supporting schedule for Section 1)
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Activity
Description
Revenue (AED)
Total revenue
0
Revenue by activity type, for disclosure and for the Small Business Relief / cash-basis revenue tests. If you're a Free Zone Person, the Qualifying vs Non-Qualifying Income split is worked out from the detailed Free Zone Schedule below, not from this table.
2 · Free Zone Details (Qualifying Free Zone Person determination — only relevant if Free Zone = Yes in Section 1)
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Revenue analysis (12.1)i
Substance requirements (12.1)
Qualifying Intellectual Property income — nexus approach (12.2)i
IP asset
Overall Income
Overall Expenditure
Qualifying Expenditure
Uplift Expenditure
Nexus ratio = (Qualifying Expenditure + Uplift Expenditure) ÷ Overall Expenditure, capped at 100%. Qualifying IP Income = Overall Income × nexus ratio; the remainder counts as non-qualifying income automatically.
Already built your financial statements in MagicFS? Don't retype the figures below — bring them in automatically.
Don't have financial statements yet? Build them from a bank statement or GL dump in MagicFS ↗, then come back here.
4a · Statement of Profit or Loss
Enter all amounts as positive values — the tool applies the correct sign. Accounting Income for the return (Section 5) is calculated automatically from this schedule.
4b · Statement of Other Comprehensive Income
4c · Statement of Financial Position
Other
5 · Accounting Adjustments & Exempt Income
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22.1 · Income/Losses which will not subsequently be reported in the income statementi
Covers gains/losses recognised in the Financial Statements (e.g. OCI) that will never pass through the income statement. Skip a row here (leave the amount fields blank) if it's an unrealised item AND the Realisation Basis election is Yes — enter that in the Unrealised Gains/Losses table below instead.
Description
Unrealised?
Original cost
NBV at period end
Income (AED)
Loss (AED)
Net adjustment
0
22.2 · Unrealised Gains/Losses Schedule (only if the Realisation Basis election is Yes)i
For assets other than Financial Assets, only the unrealised gain/loss in excess of original cost is excluded. For Financial Assets, the whole unrealised gain/loss is excluded — apply that rule when entering the amount below.
Description
Original cost
NBV at period end
Unrealised gain
Unrealised loss
Net adjustment
0
22.3 · Deferred Gains or Losses Schedule (previously-deferred unrealised amounts realised this period)i
Gains/losses excluded in an earlier period under the Realisation Basis election, now actually realised (sold, disposed of, settled) in this Tax Period — brought back into Taxable Income now.
Description
Date realised
Period(s) deferred
Was in Income Statement?
Gain realised now
Loss realised now
Net brought back into Taxable Income
0
22.4 · Additional Attachments Schedule
Financial Statements are mandatory unless Small Business Relief is elected. The others are optional to attach with the return but must be retained (Art. 56 CT Law).
21 · Transitional Rules Schedules (only if the Transitional Rules election is Yes — first Tax Period pre-CT asset step-up)
Only a gain is excluded for Immovable Property and Intangible Assets; Financial Assets/Liabilities can exclude either a gain or a loss. Excluded amounts reduce Taxable Income only in the Tax Period the asset is actually disposed of.
21.1–21.2 · Qualifying Immovable Propertyi
Address
Acquired
Disposed
Original cost
Method
Market value at CT start / days before
Total days owned
Proceeds
Excluded
Total excluded — Immovable Property
0
21.3 · Qualifying Intangible Assets (time-apportionment method only)i
Description
Acquired
Disposed
Original cost
Days before CT
Total days owned
Proceeds
Excluded
Total excluded — Intangible Assets
0
21.4–21.5 · Qualifying Financial Assets / Liabilities (valuation method — gains or losses)i
Completed by any Taxable Person who derived income or losses from a Participation during the Tax Period. One row per type of income/loss per Participation. Not all conditions are captured here — independently confirm all Article 23 conditions are met.
Participation Name
Country
TRN/TIN
Subject to tax ≥9%?
Exception reason (if No)
Nature of income/loss
Income (AED)
Loss (AED)
Ownership %
Acquisition cost
Holding condition
Other conditions met?
Net exempt
Total Participation Exemption (18.17)
0
14 · Foreign Permanent Establishment Schedule (only if the Article 24 FPE exemption election is made)
14.1 · Eligible FPEs — prior Tax Periods (cumulative, skip if first Tax Period)
14.2 · Eligible FPEs — current Tax Period
14.3 · Ineligible Foreign Permanent Establishments (disclosure — not taxed at ≥9% abroad, so no exemption)i
Jurisdiction
6 · Reliefs
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20.1–20.2 · Qualifying Group — transfers this Tax Periodi
Only applied if the Qualifying Group election is Yes in Section 3. Only the Transferor's gain/loss (as recognised in the Financial Statements) is disregarded — enter it as a positive number for a gain, negative for a loss.
Counterparty
TRN
Role
Proceeds
NBV at transfer
Date
Gain/(loss), if Transferor
Qualifying Group relief this period
0
20.3 · Qualifying Group — clawback of a prior-period transferi
Clawback applies if, within 2 years of the original transfer, the asset leaves the group or the parties cease to be in the same Qualifying Group. Added back to Taxable Income regardless of the current election.
Counterparty
TRN
Role
Transferor still a Taxable Person?
Market value at transfer
Original date
Gain/(loss) clawed back
Qualifying Group clawback added back
0
20.4–20.5 · Business Restructuring Relief — transfers this Tax Periodi
Counterparty
TRN
Role
Proceeds
NBV at transfer
Date
Gain/(loss), if Transferor
Business Restructuring relief this period
0
20.6 · Business Restructuring Relief — clawback of a prior-period transferi
Clawback applies if, within 2 years, ownership of the Transferor/Transferee is sold outside the group, or the transferred Business is subsequently disposed of.
Does not apply to Banks, Insurance Providers, or natural persons. Not relevant if Net Interest Expenditure is below AED 12,000,000.
Assessed your Transfer Pricing position yet? Don't work out arm's length values and documentation thresholds from scratch — build your Related Party register, Controlled Transactions, and Connected Persons schedule in the UAE Transfer Pricing Toolkit ↗, then bring the figures in below.
16.1 · Related Party Transaction Schedule — Gross Income Receivedi
Required once aggregate Related Party transactions exceed AED 40,000,000; disclose by category once that category exceeds AED 4,000,000 (Art. 35). Dividends between Related Parties are excluded.
Name
Type
Tax Residence
TRN/TIN
Gross Income
TP Method
Other method (if any)
Arm's Length Value
Tax Adjustment
Total
0
0
16.1 · Related Party Transaction Schedule — Expenditure Paidi
Name
Type
Tax Residence
TRN/TIN
Gross Expense
TP Method
Other method (if any)
Arm's Length Value
Tax Adjustment
Total
0
0
Tax Adjustment (16.1.9) is auto-calculated as Gross − Arm's Length Value per row and sums into the Transfer pricing / related-party adjustment field below. Per FTA Public Clarification CTP011 (Jul 2026), a downward adjustment no longer needs prior FTA approval, but must still be disclosed here with supporting documentation retained.
16.2 · Connected Persons Schedulei
Required per Connected Person (with its Related Parties) where the aggregate payment/benefit exceeds AED 500,000 (Art. 36).
Name
TRN/TIN
Payment / Benefit Type
Description
Value Provided
Market Value
Adjustment
Total
0
0
0
This schedule is a disclosure record. The deductible-payment disallowance that actually reduces Taxable Income is entered manually below (9.3.10) — since not every Connected Person payment meets the AED 500,000 disclosure threshold, that field must be ≥ the schedule's adjustment total.
Related party, connected persons & other adjustments
8 · Tax Liability & Tax Credits
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17.1 · Tax Losses Schedulei
17.2 · Tax Losses claimed from other Taxable Personsi
Name of transferring entity
Corporate Tax TRN
Amount claimed (AED)
Total claimed
0
17.3 · Tax Losses transferred to other Taxable Personsi
Combine income of the same character from the same country (e.g. multiple interest payments from one jurisdiction). Any unutilised Foreign Tax Credit is forfeited — it cannot be carried forward, carried back, or deducted from Taxable Income.
Country
Taxable Income attributable (AED)
Foreign tax paid (AED)
Evidence held?
UAE CT due (est.)
Credit
Total Foreign Tax Credit
0
"UAE CT due (est.)" approximates each stream's UAE tax at this return's own blended effective tax rate, since the Corporate Tax Law caps the credit at the actual UAE tax on that income — verify this allocation manually for QFZP or multi-rate cases. Credit per row = lower of UAE CT due (est.) and foreign tax paid.
Withholding Tax Credit
9 · Review & Declaration
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Accounting income
AED 0
Taxable income before losses
AED 0
Tax losses utilised
AED 0
Taxable income after losses
AED 0
Corporate Tax liability
AED 0
Corporate Tax payable
AED 0
Credits applied
AED 0
Effective tax rate
0.0%
Flags & compliance notes
No issues detected yet — start entering figures.
Reference: FTA Corporate Tax Guide on Tax Returns (CTGTXR1, 11-11-2024) and the illustrative CT questionnaire/return structure. Rates and thresholds as currently in force: 0%/9% standard bands with AED 375,000 zero-rate threshold, Small Business Relief at AED 3,000,000 revenue (Ministerial Decision 73/2023, available for tax periods ending on or before 31 Dec 2026), general interest limitation at the higher of AED 12,000,000 or 30% of adjusted EBITDA (Art. 30), Free Zone QFZP at 0% on Qualifying Income / 9% elsewhere (Art. 18-19). Domestic Minimum Top-up Tax (15%, Pillar Two, Cabinet Decision 142/2024) applies separately to in-scope large MNE groups and is not computed here. This tool does not compute Tax Group consolidation, Business Restructuring Relief mechanics, or the full transitional/participation-exemption schedules — those are flagged for manual review. Not a filing system and not a substitute for advice from a qualified UAE tax advisor.