FTA urges Resident Juridical Persons with Licences issued in October and November to register for Corporate Tax

Resident Juridical Persons with Licences issued in October and November are encouraged to submit their Corporate Tax registration application no later than 30 November 2024, advises the Federal Tax Authority (FTA).

In a press statement, the FTA advised Taxable Persons to adhere to the timelines specified in FTA 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. Upon implementation of the Corporations and Businesses Act and its amendments on 1 March 2024, law 47 was amended. Taxable Persons subject to Corporate Tax are provided with deadlines for submitting their applications for registration under Corporate Tax in the FTA Decision.

Based on Cabinet Decision 75 of 2023 relating to administrative penalties for violations of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and its amendments, the FTA noted that Taxable Persons who fail to submit their Corporate Tax registration applications within the specified deadlines will be subject to an Administrative Penalty.

Also, the FTA clarified that the FTA Decision applies to natural persons, whether resident or non-resident, stating that Juridical Persons incorporated or otherwise established or recognised before 1 March 2024 must apply for Corporate Tax registration in accordance with the month in which their license was issued, regardless of its year of issue.

The deadline for Taxable Persons who hold multiple Licences at 1 March 2024 depends on which Licence was issued first. Taxable Persons who hold expired Licences on 1 March 2024 will still have to register according to the month they were issued.

A digital tax services platform, EmaraTax, is accessible 24/7 for registering for Corporate Tax purposes. Registrants will need to complete four main steps in approximately 30 minutes. Registrants of Value Added Tax or Excise Tax may also access their accounts directly via EmaraTax, complete Corporate Tax registration, and submit the required documents. A Tax Registration Number will be issued to Taxable Persons once their registration request has been approved.

Meanwhile, the FTA urged Taxable Persons subject to Corporate Tax to create a new username through EmaraTax at eservices.tax.gov.ae using their email address and mobile number. After creating an account, identify the Taxable Person, select the 'Register for Corporate Tax' option, and follow the remaining steps.

In addition, Taxable Persons subject to Corporate Tax can register directly through EmaraTax's digital tax platform, or through FTA-approved Tax Agents. As well as submitting a Corporate Tax registration application online, several government service centers across the country offer their services electronically under qualified supervision and according to government service standards.

A final reminder was issued by the FTA that all Taxable Persons subject to Corporate Tax should review the Corporate Tax Law, related implementing decisions, and guidelines published on its website: tax.gov.ae.

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