The Federal Tax Authority (FTA) in the United Arab Emirates (UAE) has issued a stern warning to Corporate Taxpayers holding licenses obtained in March and April. Failure to submit registration applications by June 30, 2024, could result in penalties, as outlined in Federal Tax Authority Decision No. (3) of 2024.
Under Cabinet Decision No. (75) of 2023, penalties are enforced for violations of Federal Decree Law (47) of 2022 on the Taxation of Corporations and Businesses and its amendments. These penalties are applicable to those who fail to adhere to the deadlines set by the FTA for Corporate Tax registration applications.
The deadline is applicable to both resident and non-resident juridical persons, as well as natural persons conducting business activities in the UAE. Resident natural persons with total earned revenues exceeding AED1 million ($272,000) within a Georgian calendar year must submit their Corporate Tax registration application by March 31 of the following year.
Similarly, non-resident natural persons meeting the revenue threshold during their business activities in the UAE must submit their application within three months of becoming eligible for corporate tax.
To streamline the registration process, the FTA has provided access to the EmaraTax digital tax services platform, where registration can be completed in approximately 30 minutes. This platform also allows existing VAT or excise tax registrants to directly access their accounts and submit the necessary documents.
New users are required to create a profile on the EmaraTax platform using their email and personal phone number. Once registered, they can proceed with the Corporate Tax registration process.
In an effort to enhance service delivery and promote tax compliance, the FTA offers multiple registration channels. Taxpayers can register directly through the EmaraTax platform or seek assistance from authorized tax agents listed on the FTA’s website. Additionally, registration services are available at Government Service Centres across the UAE, where specialists provide electronic services adhering to government standards.
Upon completion of the application process and verification of data, applicants will receive their tax registration number via email.
Taxpayers subject to Corporate Tax are advised to familiarize themselves with UAE Corporate Tax Law and related guidelines published on the FTA’s website to ensure compliance and avoid penalties.
