UAE Corporate Tax: FTA Urges Businesses To Register Before December 31 Deadline To Avoid Penalties

In a statement issued today, the FTA highlighted the importance of adhering to the deadlines outlined in FTA Decision No. 3 of 2024.

The decision specifies timelines for Taxable Persons to submit their Corporate Tax registration applications in compliance with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, which took effect on March 1, 2024.

The FTA noted that Cabinet Decision No. 75 of 2023 imposes Administrative Penalties on Taxable Persons who fail to register within the specified timelines.

The registration requirements apply to both Resident and Non-Resident Juridical Persons and Natural Persons.

For Resident Juridical Persons incorporated or established before March 1, 2024, the deadline is determined by the month their licence was issued, irrespective of the year.

Taxable Persons holding multiple licences must register based on the earliest licence issuance date, even if one of their licences has expired as of March 1, 2024.

The FTA has streamlined the Corporate Tax registration process through the EmaraTax digital platform, accessible 24/7. Registration involves four main steps, which take approximately 30 minutes to complete.

The platform enables existing VAT or Excise Tax registrants to access their accounts and complete the Corporate Tax registration directly.

For those new to the platform, the process begins by creating an account using an email address and mobile number. Once the account is created, Taxable Persons can proceed with registration by selecting the “Register for Corporate Tax” option.

Additionally, Taxable Persons can register through authorised Tax Agents listed on the FTA’s website or at government service centres across the UAE, which provide electronic services under qualified supervision.

Upon completing the application and verification process, the FTA assigns a Tax Registration Number for Corporate Tax, which is sent directly to the applicant’s registered email address.

The FTA urged all Taxable Persons subject to Corporate Tax to review the Corporate Tax Law, related implementing decisions, and guidelines available on the FTA website.

These resources provide detailed instructions and support to ensure compliance with the law.