Abu Dhabi, UAE: The Federal Tax Authority (FTA) has issued a firm reminder to Resident Juridical Persons with licences issued in July, regardless of the year, to complete their Corporate Tax registration by September 30, 2024. Failure to meet this deadline could result in administrative penalties, the FTA warned in a press statement.
The reminder comes as part of the FTA’s efforts to ensure compliance with FTA Decision No. 3 of 2024, which details the timelines for Corporate Tax registration under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, effective since March 1, 2024. The decision specifies deadlines for different categories of taxable persons to submit their registration applications.
According to the FTA, penalties will be imposed on those who fail to comply with the registration deadlines, as outlined in Cabinet Decision No. 75 of 2023, which addresses administrative penalties related to Corporate Tax law violations.
The FTA emphasized that the registration requirement applies to both juridical persons and natural persons, whether resident or non-resident. Businesses incorporated or established before March 1, 2024, must register based on the month their license was issued, irrespective of the year of issuance. For those holding multiple licenses as of March 1, 2024, the deadline will be based on the earliest license issuance date, even if one or more licenses have since expired.
To facilitate the process, the FTA has streamlined Corporate Tax registration via the EmaraTax digital platform, accessible 24/7. The registration process involves four simple steps and can be completed in approximately 30 minutes. Businesses already registered for VAT or Excise Tax can use EmaraTax to register for Corporate Tax as well.
The FTA also urged businesses that have yet to register for Corporate Tax to create a new account on the EmaraTax platform using their email address and mobile number. Registration can be completed by selecting the ‘Register for Corporate Tax’ option and following the guided steps.
In addition to online registration, businesses can register through authorised tax agents listed on the FTA’s website or at several government service centres across the country. Once registered, businesses will receive their Tax Registration Number directly via email.
The FTA concluded by encouraging all taxable persons to review the Corporate Tax Law, implementing decisions, and guidelines available on the FTA’s website to ensure full compliance with the new regulations.