FTA Urges Resident Juridical Persons to Register for Corporate Tax by 31st August 2024

The Federal Tax Authority (FTA) has reminded Resident Juridical Persons with Licences issued in June, regardless of the issuance year, to complete their Corporate Tax registration by 31st August 2024. This directive aligns with Federal Tax Authority Decision No. 3 of 2024, which outlines the registration timeline for Corporate Tax under Federal Decree-Law No. 47 of 2022, effective from 1st March 2024.

The FTA highlighted the necessity for taxpayers to adhere to the specified registration deadlines to avoid Administrative Penalties. The deadlines apply to both juridical and natural persons, including Resident and Non-Resident Persons. Detailed information, public clarifications, and other updates are available on the FTA's official website.

According to the FTA’s Public Clarification, Resident Juridical Persons established before 1st March 2024 must register based on their License issuance month. Juridical persons with expired Licenses as of 1st March 2024 should use the original issuance date for registration. In cases where multiple Licenses exist, the earliest issuance date applies.

The FTA recommends using the “EmaraTax” digital platform for a streamlined registration process, which allows for the creation of new user profiles and easy tax registration. This platform, available 24/7, also supports direct services through accredited tax agents and government service centres.

Accurate submission of information and supporting documents, such as commercial licences, Emirates ID cards, and proof of authorization, is crucial. The FTA’s website features a comprehensive video guide on the registration process via “EmaraTax,” designed according to international best practices to simplify tax compliance for all taxpayers.

News Source: Emirates News Agency