The UAE is reminding payers of Corporate Tax to submit applications on time or risk facing fines.
The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licences issued in May (regardless of the year of issuance) to submit their Corporate Tax registration applications by July 31, 2024.
This aligns with the timelines specified in Federal Tax Authority Decision No. 3 of 2024 on the Timeline specified for Registration of Taxable Persons for Corporate Tax for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, which came into effect on 1 March 2024.
UAE Corporate Tax
The FTA emphasised the importance of taxpayers adhering to the registration deadlines specified for each category.
These deadlines were previously announced through various official media platforms, including print, visual, and audio media, as well as the FTA’s official social media channels and by direct outreach through the official database of registered company owners in the UAE.
The FTA notes that compliance with these deadlines is essential to avoid the relevant Administrative Penalties.
The FTA also specified that the deadlines for submitting registration applications for those subject to Corporate Tax cover both juridical and natural persons, including Resident Persons and Non-Resident Persons in the UAE.
According to the FTA’s Public Clarification regarding the Registration Timelines for Taxable Persons for Corporate Tax, any Resident Juridical Person, incorporated or otherwise established or recognised before 1 March 2024, must submit their tax registration applications for Corporate Tax based on the month of their Licence issuance.
Juridical persons, who had an expired Licence on March 1, 2024, must submit their tax registration application based on the month the Licence was originally issued.
If a juridical person held more than one Licence on March 1, 2024, the Licence with the earliest issuance date shall be used.
To facilitate the application, submission, and registration process for taxpayers, Taxable Persons must use the “EmaraTax” digital tax services platform. This platform is available 24/7 and enables unregistered persons to create a new user profile and obtain a tax registration number easily and conveniently via their email and phone number.
Additionally, direct service provision is available through accredited tax agents listed on the FTA’s website and at government service centres across the UAE.
The FTA has also emphasised the importance of providing accurate information and submitting updated supporting documents correctly with the electronic registration application, noting that 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 has indicated that its website features a video that provides a comprehensive explanation of the registration process through the “EmaraTax” platform, which was designed according to international best practices to facilitate the registration journey, the submission of periodic returns, and the payment of due taxes in the easiest and fastest ways for all categories of taxpayers in the UAE.
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