Abu Dhabi: The Federal Tax Authority (FTA) has called on Resident Juridical Persons in the UAE, whose licenses were issued in October and November irrespective of year, to complete their Corporate Tax registration no later than 30th November 2024.
FTA emphasized the importance of meeting deadlines as outlined in FTA Decision No. 3 of 2024. The decision details specific timelines for the registration of Taxable Persons under Federal Decree-Law No. 47 of 2022, governing the Taxation of Corporations and Businesses, which became effective on 1st March 2024.
The deadlines apply to all categories of Taxable Persons required to register for Corporate Tax. The FTA highlighted that under Cabinet Decision No. 75 of 2023 on Administrative Penalties related to the Tax Law, penalties will be imposed on those who fail to submit their Corporate Tax registration applications within the stipulated timeframe.
The FTA further clarified that the registration mandate covers both Juridical and Natural Persons, resident or non-resident. Resident Juridical Persons incorporated or recognized prior to 1st March 2024 must register based on the month their license was issued, regardless of the issuance year.
For businesses holding multiple licenses as of 1st March 2024, the deadline is determined by the license with the earliest issue date. Additionally, if a business holds an expired license on 1st March, the registration deadline is still based on the original issuance month.
Corporate Tax registration can be completed on the EmaraTax platform, accessible 24/7, through a four-step process that takes around 30 minutes. Existing Value Added Tax (VAT) or Excise Tax registrants can easily log into their accounts on EmaraTax, register for Corporate Tax, and upload the required documentation. Upon approval, a Corporate Tax Registration Number will be issued.
For new registrants, the FTA advises creating an EmaraTax account with a valid email and mobile number. Once set up, users can select “Register for Corporate Tax” and complete the process.
The EmaraTax platform also provides access to registration through authorized Tax Agents listed on the FTA website, as well as government service centers offering electronic registration in compliance with national service standards.
The FTA encourages all Taxable Persons subject to Corporate Tax to consult the Corporate Tax Law and related guidelines available on its official website, for detailed registration requirements and compliance information.