FTA Urges Resident Corporations with Licences from January, February to File Corporate Tax Applications by 31st May

FTA Urges Resident Corporations with Licences from January, February to File Corporate Tax Applications by 31st May 

The Federal Tax Authority (FTA) is urging resident juridical persons eligible for Corporate Tax to ensure timely submission of their Corporate Tax registration applications. Those with licences issued in January and February must file their applications by 31st May 2024 to comply with FTA Decision No.3 of 2024. Failure to do so may result in penalties as per Cabinet Decision No. 10 of 2024.

Source: WAM

Administrative Penalties will be imposed on taxable persons failing to adhere to the specified deadlines for Corporate Tax registration applications. These deadlines apply to both resident and non-resident juridical and natural persons as outlined in the decision.

Stakeholders involved in Corporate Tax implementation are urged to familiarize themselves with the law and associated guidelines available on the FTA’s website. More information can be found at [link].

Corporate Tax registration is accessible via the EmaraTax digital platform, which offers a streamlined process taking approximately 30 minutes. Taxable persons already registered for VAT or Excise Tax can utilize their EmaraTax accounts to complete the Corporate Tax registration request and submit necessary documents, resulting in the issuance of a Tax Registration Number (TRN) for Corporate Tax purposes upon approval.

Unregistered taxable persons subject to Corporate Tax must create a new user profile on the EmaraTax platform via the FTA’s e-Services portal. Once registered, they can proceed with the Corporate Tax registration process conveniently.

The FTA also facilitates Corporate Tax registration through Government Service Centres across the UAE, staffed with trained specialists offering electronic services meeting government standards.

Upon completion of application processes and verification of data accuracy, applicants will receive their Tax Registration Number (TRN) via email for Corporate Tax purposes.

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