Dubai: The Federal Tax Authority (FTA) has issued a directive urging Resident Juridical Persons with licences issued in October and November, regardless of the year, to complete their Corporate Tax registration by 30 November 2024. This announcement emphasizes the importance of adhering to the specified timelines to ensure compliance with the corporate tax regulations.
According to Emirates News Agency, the FTA’s recent press statement highlights the necessity for Taxable Persons to comply with FTA Decision No. 3 of 2024. This decision outlines the registration timelines for Corporate Tax under Federal Decree-Law No. 47 of 2022 concerning the Taxation of Corporations and Businesses, effective from 1 March 2024. The FTA Decision categorizes the deadlines for each type of Taxable Person subjected to Corporate Tax, necessitating timely submission of their registration applications.
The FTA has further cautioned that, in line with Cabinet Decision No. 75 of 2023 pertaining to Administrative Penalties, any Taxab
le Persons failing to register within the stipulated timeframe will incur penalties. This decision is applicable to both Juridical and Natural Persons, whether Resident or Non-Resident, underscoring that Resident Persons recognized before 1 March 2024 must register based on their licence issuance month, irrespective of the issuance year.
For those holding multiple licences as of 1 March 2024, the registration deadline is determined by the earliest issued licence. Even if a licence has expired as of that date, the registration deadline is still based on the original issuance month.
The FTA also mentioned that Corporate Tax registration can be completed via the EmaraTax digital platform, which is available 24/7. The registration process involves four simplified steps, taking around 30 minutes. The platform facilitates access for Value Added Tax or Excise Tax registrants to complete their Corporate Tax registration. Upon approval, a Tax Registration Number is issued for Corporate Tax purposes.
The FTA advises
those yet to register to create a new account on the EmaraTax platform by using their email and mobile number, leading to the completion of registration through a straightforward process. Registration can also be done directly on EmaraTax, through authorised Tax Agents, or at government service centres that provide electronic services in line with government standards.
In conclusion, the FTA reminds all Taxable Persons to consult the Corporate Tax Law and related guidelines available on their website: tax.gov.ae.
