Resident Judicial Persons holding May-issued licences (regardless of the year of issuance) are urged by the Federal Tax Authority (FTA) to submit their applications for corporate tax registration by July 31, 2024. The Federal Tax Authority Decision No. 3 of 2024, which outlines the timeline for the registration of taxable individuals for corporate tax, is in line with the timelines given in Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments. The latter went into effect on March 1, 2024.
The significance of taxpayers meeting the registration deadlines assigned to each category was emphasised by the FTA. The FTA’s official social media channels, print, visual, and audio media, as well as direct outreach through the official database of UAE-registered company owners, were the previous channels used to announce these deadlines. The FTA states that in order to avoid the applicable Administrative Penalties, compliance with these deadlines is imperative.
Any Resident Juridical Person who is incorporated or otherwise established or recognised before March 1, 2024, must submit their tax registration applications for Corporate Tax based on the month of their licence issuance, as per the FTA’s Public Clarification regarding the Registration Timelines for Taxable Persons for Corporate Tax.
Legal individuals whose licence expires on March 1, 2024, need to file an application for tax registration using the month that their licence was issued. On March 1, 2024, if a juridical person possesses multiple licences, they must use the licence with the earliest issuance date.
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