emirates7 - The Federal Tax Authority (FTA) has reiterated its call for Resident Juridical Persons with licenses issued in December, regardless of the issuance year, to submit their Corporate Tax registration applications by 31st December 2024 to avoid administrative penalties.
In a press release today, the FTA urged Taxable Persons to comply with the timelines outlined in FTA Decision No. 3 of 2024. This decision, issued under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, effective from 1st March 2024, specifies registration deadlines for different categories of Taxable Persons subject to Corporate Tax.
The FTA highlighted that Cabinet Decision No. 75 of 2023 on Administrative Penalties enforces penalties on Taxable Persons who fail to register within the deadlines set by the FTA Decision. These regulations apply to both Juridical and Natural Persons, whether Resident or Non-Resident.
Resident Juridical Persons established before 1st March 2024 must register for Corporate Tax according to the month their license was issued, irrespective of the issuance year. For those holding multiple licenses as of 1st March 2024, the registration deadline is based on the earliest license issuance date. Even expired licenses as of 1st March 2024 must be considered, with registration deadlines determined by the month of their issuance.
The FTA emphasized that Corporate Tax registration can be completed through the EmaraTax digital platform, available 24/7. The process involves four streamlined steps, taking approximately 30 minutes to complete. Value Added Tax (VAT) or Excise Tax registrants can use their existing EmaraTax accounts to register for Corporate Tax and submit required documents. Once approved, applicants receive a Tax Registration Number for Corporate Tax purposes.
Taxable Persons who have not yet registered are advised to a new account on the EmaraTax platform at eservices.tax.gov.ae using their email and mobile number. After creating an account, they can complete their registration by selecting the "Register for Corporate Tax" option and following the simple steps provided.
Additionally, registration can be facilitated through authorized Tax Agents listed on the FTA website or at various government service centers across the UAE, which offer electronic services under the supervision of trained professionals. Once all application procedures and data verifications are complete, the FTA’s internal team reviews the application and issues a Tax Registration Number directly to the applicant's registered email address.
The FTA urged all Taxable Persons subject to Corporate Tax to familiarize themselves with the Corporate Tax Law and related guidelines, which are available on the FTA’s official website.
In a press release today, the FTA urged Taxable Persons to comply with the timelines outlined in FTA Decision No. 3 of 2024. This decision, issued under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, effective from 1st March 2024, specifies registration deadlines for different categories of Taxable Persons subject to Corporate Tax.
The FTA highlighted that Cabinet Decision No. 75 of 2023 on Administrative Penalties enforces penalties on Taxable Persons who fail to register within the deadlines set by the FTA Decision. These regulations apply to both Juridical and Natural Persons, whether Resident or Non-Resident.
Resident Juridical Persons established before 1st March 2024 must register for Corporate Tax according to the month their license was issued, irrespective of the issuance year. For those holding multiple licenses as of 1st March 2024, the registration deadline is based on the earliest license issuance date. Even expired licenses as of 1st March 2024 must be considered, with registration deadlines determined by the month of their issuance.
The FTA emphasized that Corporate Tax registration can be completed through the EmaraTax digital platform, available 24/7. The process involves four streamlined steps, taking approximately 30 minutes to complete. Value Added Tax (VAT) or Excise Tax registrants can use their existing EmaraTax accounts to register for Corporate Tax and submit required documents. Once approved, applicants receive a Tax Registration Number for Corporate Tax purposes.
Taxable Persons who have not yet registered are advised to a new account on the EmaraTax platform at eservices.tax.gov.ae using their email and mobile number. After creating an account, they can complete their registration by selecting the "Register for Corporate Tax" option and following the simple steps provided.
Additionally, registration can be facilitated through authorized Tax Agents listed on the FTA website or at various government service centers across the UAE, which offer electronic services under the supervision of trained professionals. Once all application procedures and data verifications are complete, the FTA’s internal team reviews the application and issues a Tax Registration Number directly to the applicant's registered email address.
The FTA urged all Taxable Persons subject to Corporate Tax to familiarize themselves with the Corporate Tax Law and related guidelines, which are available on the FTA’s official website.