FTA Sets July 2024 Corporate Tax Registration Deadline For May Licence Holders

The Federal Tax Authority (FTA) has reminded Resident Juridical Persons with Licences issued in May to submit their Corporate Tax registration applications by 31st July 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 1st March 2024.

The FTA stressed the importance of adhering to these deadlines to avoid Administrative Penalties. These deadlines were 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.

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.

To facilitate the application process, taxpayers must use the "EmaraTax" digital tax services platform. This platform is available 24/7 and allows unregistered persons to create a new user profile and obtain a tax registration number easily 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 also highlighted that accurate information and updated supporting documents are crucial when submitting electronic registration applications. Registering for Corporate Tax requires uploading various documents such as the commercial licence, Emirates ID card, passport of the authorised signatory, and proof of authorisation for the authorised signatory.

Compliance with Deadlines

The FTA noted that all categories of Persons can view these specific deadlines, decisions, public clarifications, and other pertinent issuances on its official website: https://tax.gov.ae/en/media.centre/news. The deadlines cover both juridical and natural persons, including Resident Persons and Non-Resident Persons.

Juridical persons with an expired Licence on 1st March 2024 must submit their tax registration application based on the month their Licence was originally issued. If a juridical person holds more than one Licence on this date, they should use the earliest issuance date.

Registration Process Video

The FTA's website features a video explaining how to register through "EmaraTax." This platform was designed according to international best practices to ease registration, submission of periodic returns, and payment of due taxes efficiently for all taxpayers.

The FTA has indicated that its website features a video that provides a comprehensive explanation of the registration process through the "EmaraTax" platform. This platform was designed according to international best practices to facilitate the registration journey, submission of periodic returns, and payment of due taxes in an easy manner for all categories of taxpayers.

The emphasis from FTA ensures that taxpayers are aware of their obligations under Federal Decree-Law No. 47 of 2022. Compliance with these regulations is essential for avoiding penalties and ensuring smooth tax processes.

With inputs from WAM