Federal Tax Authority update on Corporate Tax
Residents with licences issued in May (regardless of the year of issuance) are urged to register for Corporate Tax by 31 July 2024. Based on the timeline specified in Federal Tax Authority Decision No. 3 of 2024 regarding registration of taxable persons for corporate tax purposes of Federal Decree-Law No. The Taxation of Corporations and Businesses Act of 2022 and its amendments took effect on 1 March 2024.
Corporate taxpayers in the UAE are urged to register before June-end or face penalties
To avoid penalties, the Federal Tax Authority (FTA) reminds individuals with Corporate Tax licences issued in March and April (regardless of the year of issuance) to submit their registration applications by June 30, 2024.
UAE Corporate Taxpayers in the UAE are urged to register before June-end to avoid fines
Individuals with Corporate Tax licenses issued in March or April (regardless of the year of issuance) are reminded to submit their registration applications by June 30, 2024, to avoid penalties.
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The UAE Corporate Tax Registration Timeline
Emirates authorities recently provided an update on the timeline of Corporate Tax registration, which UAE entities eligible to be registered should know.
The UAE imposes a penalty of AED 10,000 for late corporate tax registration
Corporate tax registration deadlines have been set by the UAE Federal Tax Authority, and taxable persons are urged to register on time to avoid tax law infringements.