The Federal Tax Authority (FTA) is reminding resident juridical persons with licenses issued in October and November to submit their corporate tax registration applications by November 30, 2024. This applies regardless of the year of issuance.
Key Details:
- Regulatory Framework: This reminder follows FTA Decision No. 3 of 2024, which outlines the registration timelines for corporate tax as stipulated in Federal Decree-Law No. 47 of 2022. These regulations became effective on March 1, 2024.
- Penalties for Non-Compliance: According to Cabinet Decision No. 75 of 2023, failure to submit the corporate tax registration application within the specified timeframe will incur administrative penalties.
- Who Needs to Register: This requirement affects both juridical and natural persons, whether resident or non-resident. Juridical persons established before March 1, 2024, must register based on the month their license was issued.
- Multiple Licenses: For those holding multiple licenses as of March 1, 2024, the deadline for registration will be determined by the license with the earliest issuance date. Expired licenses as of that date are still subject to the original issuance month for registration purposes.
Registration Process:
- Registration can be completed via the EmaraTax digital tax services platform, available 24/7. The streamlined process consists of four main steps and is expected to take about 30 minutes to complete.
- Users can also manage their Value Added Tax (VAT) or excise tax registrations through EmaraTax.
Once the registration request is approved, taxable persons will receive a tax registration number for corporate tax purposes.
Action Required:
If your business falls under these requirements, ensure that your corporate tax registration application is submitted on time to avoid penalties. For assistance, access the EmaraTax platform or consult with tax professionals.
