������Ƶ

A Capital Gains Tax Form documents your profits from selling assets like property, stocks, or bonds in the UAE. While the UAE traditionally hasn't imposed capital gains tax, recent changes under the UAE Corporate Tax Law require certain businesses to report these gains starting from June 2023.

The form helps companies calculate and declare taxable gains from asset sales, ensuring compliance with the new 9% corporate tax framework. For UAE businesses, this form is particularly relevant when selling business assets, investments, or real estate that has increased in value. Free zone companies and small businesses below the AED 375,000 threshold may qualify for different reporting requirements.

Use a Capital Gains Tax Form when your UAE business sells assets at a profit, including property, stocks, or business equipment. This requirement applies to transactions from June 2023 onward, following the introduction of the UAE's corporate tax regime. For mainland companies with annual revenues above AED 375,000, filing becomes mandatory within the tax period of the sale.

Key filing triggers include selling commercial real estate, divesting company shares, or disposing of significant business assets. The form needs completion for each qualifying transaction, with special attention to assets held in UAE free zones or those subject to existing tax treaties. Early preparation helps avoid last-minute compliance issues and potential penalties.

• Basic Corporate Capital Gains Form: Used by mainland UAE companies to report standard asset sales and investment profits under the 9% corporate tax regime
• Free Zone Capital Gains Declaration: Specialized form for free zone entities with modified reporting requirements and tax calculations
• Group Company CGT Form: Designed for corporate groups to consolidate capital gains across multiple UAE entities
• Real Estate CGT Form: Specifically tailored for property transactions, including commercial real estate sales and development projects
• Investment Portfolio CGT Form: Focused on financial market transactions, covering stocks, bonds, and other securities trading

• Corporate Tax Departments: Responsible for preparing and filing Capital Gains Tax Forms, tracking asset sales, and ensuring compliance with UAE tax regulations
• Financial Controllers: Oversee the calculation of capital gains, maintain transaction records, and verify form accuracy before submission
• Tax Advisors: Guide companies through complex reporting requirements, especially for free zone entities or international transactions
• Company Directors: Review and approve final submissions, bearing ultimate responsibility for tax compliance
• Federal Tax Authority: Receives and processes the forms, conducts assessments, and ensures proper tax collection under UAE law

• Asset Details: Gather purchase date, original cost, sale price, and improvement expenses for each asset sold
• Transaction Records: Collect all supporting documents including sale agreements, property valuations, and transfer receipts
• Company Information: Prepare your UAE tax registration number, business license details, and corporate structure documentation
• Calculation Methods: Determine applicable exemptions and deductions under UAE tax law for accurate gain computation
• Documentation Review: Verify all calculations, cross-reference supporting documents, and ensure compliance with Federal Tax Authority requirements

• Entity Information: Full legal name, UAE tax registration number, and business activity code as registered with FTA
• Asset Description: Detailed identification of sold assets, including acquisition date and original purchase price
• Gain Calculation: Clear breakdown of sale proceeds, allowable deductions, and net taxable gain under UAE corporate tax law
• Declaration Section: Formal statement confirming accuracy of information and compliance with UAE tax regulations
• Supporting Schedules: Required attachments showing transaction details, exemption claims, and related party disclosures
• Signature Block: Authorized signatory details with official company stamp and date of submission

Capital Gains Tax Forms are often confused with Tax Agreement documents in the UAE, but they serve distinctly different purposes in corporate tax compliance. Here are the key differences:

• Timing and Purpose: Capital Gains Tax Forms are filed after specific asset sales, while Tax Agreements outline ongoing tax obligations and arrangements between parties
• Scope of Coverage: Capital Gains Forms focus solely on profit from asset disposals, whereas Tax Agreements cover broader tax matters including income, dividends, and international arrangements
• Legal Structure: Capital Gains Forms are regulatory submissions to the Federal Tax Authority, while Tax Agreements are contractual arrangements between parties
• Duration: Capital Gains Forms represent single transactions, but Tax Agreements establish ongoing frameworks that may last several years
• Flexibility: Tax Agreements can be negotiated and customized, while Capital Gains Forms follow strict FTA formatting requirements