FTA Urges Resident Juridical Persons to Register for Corporate Tax Before December 31 Deadline

Ummulkiram Pardawala -

The Federal Tax Authority (FTA) has reiterated its call for Resident Juridical Persons with licences issued in December to complete their Corporate Tax registration by December 31, 2024, to avoid administrative penalties under Cabinet Decision No. 75 of 2023.

Key Details:

  • The call applies to Resident and Non-Resident Juridical Persons as per FTA Decision No. 3 of 2024, which outlines deadlines for registering under Federal Decree-Law No. 47 of 2022 on Corporate Tax.
  • Licences issued in December, irrespective of the year of issuance, determine the deadline for submission.
  • Taxable Persons with multiple licences must adhere to the deadline corresponding to the licence with the earliest issuance date.
  • Even expired licences as of March 1, 2024, require registration based on the original month of issuance.

Registration Process:

Taxable Persons can register via the EmaraTax digital platform, accessible 24/7. The process involves:

  1. Creating an account using email and mobile details.
  2. Selecting "Register for Corporate Tax" and submitting required documents.
  3. Receiving a Tax Registration Number upon approval.

The EmaraTax platform also integrates with VAT and Excise Tax accounts for simplified registration. Alternatively, Taxable Persons can register through authorised Tax Agents or government service centres across the UAE.

Penalty for Non-Compliance:

Failure to register within the specified deadlines will result in administrative penalties under the applicable laws.

Resources:

The FTA encourages Taxable Persons to review the Corporate Tax Law and related guidelines on the FTA website for further clarity. Registration assistance is available via eservices.tax.gov.ae or authorised agents.

News Source: Emirates News Agency