The Federal Tax Authority (FTA) has reiterated its call for Resident Juridical Persons with licenses issued in July—regardless of the year of issuance—to submit their Corporate Tax registration applications no later than 30th September 2024.
Failing to meet this deadline will result in administrative penalties.
According to the FTA, this requirement is in line with FTA Decision No. 3 of 2024, which outlines the timelines for Corporate Tax registration under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. The decision became effective on 1st March 2024, and the deadlines apply to all categories of Taxable Persons.
Penalties for late submissions are governed by Cabinet Decision No. 75 of 2023, which emphasizes strict compliance with registration timelines. The FTA clarified that the decision applies to both Resident and Non-Resident Juridical and Natural Persons.
Taxable Persons with multiple licenses should adhere to the deadline based on the earliest license issuance. Even if a license has expired by 1st March 2024, registration is still required according to the original issuance month.
To streamline the process, the FTA offers a 30-minute registration process via the EmaraTax digital platform, accessible 24/7. Registrants can also utilize the platform to access existing accounts for Value Added Tax or Excise Tax.
The FTA encourages all Taxable Persons to review the Corporate Tax Law and related guidelines on their website and to complete the registration promptly.
News Source: Emirates News Agency
