The Federal Tax Authority (FTA) encourages residents who hold licenses issued in October or November, regardless of the year of issuance, to swiftly submit their application for corporate tax registration by November 30, 2024.
For the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, which went into effect on March 1, 2024, the FTA advised Taxable Persons in a press release today to follow the deadlines outlined in FTA Decision No. 3 of 2024 on the Timeline specified for Registration of Taxable Persons for Corporate Tax. The FTA Decision specifies the due dates for submitting corporate tax registration applications for each type of taxable persons liable to corporate tax.
Additionally, the FTA clarified that the FTA Decision applies to both resident and non-resident natural persons and juristic persons. It stated that resident persons who were incorporated, otherwise established, or recognised prior to March 1, 2024, must file their corporate tax registration application using the month in which their licence was issued, regardless of the year of issuance.
The license with the earliest issuing date determines the deadline for Taxable Persons with multiple licenses as of March 1, 2024. The registration deadline is still determined by the month the licence was issued, even if a Taxable Person has an expired licence as of March 1, 2024.
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