In an effort to enhance awareness of Corporate Tax and encourage compliance, the Federal Tax Authority (FTA) has issued a reminder to Resident Juridical Persons subject to Corporate Tax with licences issued in May, regardless of the year of issuance, to submit their Corporate Tax registration applications by July 31, 2024.
In a press statement released today, the FTA confirmed that this deadline aligns with Federal Tax Authority Decision No. 3 of 2024. This decision specifies the timeline for the registration of Taxable Persons for Corporate Tax under Federal Decree-Law No. 47 of 2022, concerning the Taxation of Corporations and Businesses and its amendments, effective from March 1, 2024.
The FTA stressed the importance of adhering to the specified registration deadlines for each category as outlined in Decision No. 3 of 2024. These deadlines have been communicated through the FTA's official social media channels and various local media outlets, including print, digital, and audio formats.
The FTA warned that failing to submit the Corporate Tax registration application within the specified timeframe will result in an administrative penalty of AED 10,000.
Taxable Persons are encouraged to review the FTA's Public Clarification on the Registration Timelines for Taxable Persons for Corporate Tax for further guidance. This document provides detailed information on the deadlines for different categories of Taxable Persons and includes practical examples to aid in understanding the registration requirements. It also details the registration requirements for juridical persons seeking exempt status under the Corporate Tax Law.
The FTA highlighted that registration for Corporate Tax is available through the "EmaraTax" digital tax services platform, which offers 24-hour service. The registration process involves four simple steps and takes approximately 30 minutes. Concerned parties can access the platform via https://eservices.tax.gov.ae/, create a user account with an email and phone number, submit the required documents, and obtain approval for the registration application, after which a Corporate Tax registration number will be issued.
The FTA emphasised the importance of providing accurate information and submitting updated supporting documents correctly when uploading the electronic registration application. Registering for Corporate Tax for a juridical person requires uploading various documents, including the commercial licence, the Emirates ID card, the passport of the authorised signatory, and proof of authorisation for the authorised signatory.
The FTA reaffirmed its commitment to educating Taxable Persons and other stakeholders in the UAE about Corporate Tax registration procedures through its awareness campaigns. These include workshops, virtual webinars, guides, educational videos, and other methods designed to clarify registration requirements and provide support.
To foster tax compliance, the FTA has diversified its service delivery channels, enabling registration through authorised tax agents listed on the FTA's website and Government Service Centers nationwide, which provide electronic services managed by trained and qualified personnel.
The FTA encouraged all Taxable Persons to review the Corporate Tax Law and its implementing decisions, the Public Clarification on the Registration Timelines for Taxable Persons for Corporate Tax, and related guides available on its website at https://tax.gov.ae/ar/default.aspx.
News Source: Emirates News Agency
