The United Arab Emirates (UAE) Federal Tax Authority (FTA) has issued a reminder to Resident Juridical Persons with licences issued in August and September, urging them to complete their Corporate Tax registration by October 31, 2024, to avoid administrative penalties.
The FTA’s call is part of its ongoing effort to ensure compliance with the Federal Decree-Law No. 47 of 2022 on Corporate Tax, which came into effect on March 1, 2024. FTA Decision No. 3 of 2024 specifies timelines for Corporate Tax registration, and failure to comply within these timelines will lead to penalties as per Cabinet Decision No. 75 of 2023.
According to the FTA, the deadline for registration depends on the issuance month of the licence, regardless of the year of issuance. For entities with multiple licences, the deadline is determined by the licence with the earliest issuance date. Even in cases where a licence expired before March 1, 2024, the registration deadline remains the same.
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To simplify the registration process, the FTA has made it accessible through the Emara Tax digital platform, which is available 24/7. The registration involves four main steps and takes approximately 30 minutes. Those already registered for Value Added Tax (VAT) or Excise Tax can complete their Corporate Tax registration through the same platform. Taxable Persons can also register through government service centres or authorised Tax Agents listed on the FTA website.
The FTA encouraged all entities to create a username on the EmaraTax platform and follow the streamlined process to complete their registration. Once approved, the applicants will receive a Corporate Tax Registration Number.
The FTA also urged Taxable Persons to familiarise themselves with the Corporate Tax Law and guidelines available on their website (tax.gov.ae) to ensure compliance and avoid penalties.
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