The UAE’s Federal Tax Authority (FTA) has reminded all natural persons conducting business in the country to complete their Corporate Tax registration by March 31, 2025. Failure to comply will result in administrative penalties.
Who Needs to Register?
The FTA requires any natural person engaged in business or commercial activities in the UAE with an annual turnover exceeding AED 1 million to register for Corporate Tax. This applies to both UAE residents and non-residents operating within the country, including:
- Sole proprietors
- Freelancers
- Partners in joint ventures
The first tax period for these individuals will be the 2024 calendar year.
Key Deadlines and Penalties
- If a business exceeded AED 1 million in turnover by July 31, 2024, the individual must:
- Register for Corporate Tax by March 31, 2025
- Submit the Corporate Tax Return by September 30, 2025
- Failure to register on time will result in a penalty of AED 10,000.
How to Register?
Individuals already registered for VAT or Excise Tax can complete their Corporate Tax registration through EmaraTax, the UAE’s digital tax service platform. Upon approval, the FTA will issue a Corporate Tax Registration Number.
The FTA urges all eligible individuals to comply with the deadline to avoid penalties and ensure a smooth tax filing process.
News Source: Emirates News Agency
