Corporate Tax Filing in Sharjah

The Corporate Tax return must be filed within 9 months from the end of the relevant tax period. For example, if your financial year ends on December 31, 2024, your filing deadline is September 30, 2025. Late filing incurs penalties of AED 500 per month for the first 12 months, increasing to AED 1,000 per month thereafter.

Non-deductible expenses include fines and penalties (except contractual penalties), donations to non-qualifying entities, entertainment expenses exceeding 50% for employees, bribes and illegal payments, income tax paid in other jurisdictions (though tax credits may apply), and personal expenses of shareholders.

Yes. Tax losses can be carried forward indefinitely to offset up to 75% of taxable income in future tax periods. However, losses cannot be carried back to prior periods. The 75% limitation ensures that businesses always pay some tax in profitable years while still benefiting from prior losses.

Sharjah manufacturers calculate taxable income by starting with accounting profit and making CT adjustments. Key adjustments include inventory valuation differences (tax requires consistent methods), depreciation (tax depreciation may differ from accounting), and entertainment expense limitations (50% cap). We prepare a detailed CT computation alongside the return.

Yes. Sharjah businesses with revenue not exceeding AED 3 million can elect for Small Business Relief on their CT return, treating taxable income as zero. This election is made annually when filing — it is not a permanent status. You must still file a CT return to claim the relief.

Late filing penalties apply: AED 500 for the first month after the deadline, increasing to AED 1,000 per month thereafter, up to a maximum. Additionally, any tax due accumulates late payment penalties. We set up filing reminders and start preparation well in advance to ensure Sharjah clients never miss deadlines.