Zyla Accountants, an accredited FTA tax agent in Dubai, is committed to simplifying corporate tax compliance in this evolving financial environment.

A guide produced by the United Arab Emirates’ Federal Tax Authority provides a practical resource for taxpayers but also reveals the large volume of data required for businesses to accurately complete a corporate tax return.

Residents with licences issued in May (regardless of the year of issuance) are urged to register for Corporate Tax by 31 July 2024. Based on the timeline specified in Federal Tax Authority Decision No. 3 of 2024 regarding registration of taxable persons for corporate tax purposes of Federal Decree-Law No. The Taxation of Corporations and Businesses Act of 2022 and its amendments took effect on 1 March 2024.

To avoid penalties, the Federal Tax Authority (FTA) reminds individuals with Corporate Tax licences issued in March and April (regardless of the year of issuance) to submit their registration applications by June 30, 2024.

Individuals with Corporate Tax licenses issued in March or April (regardless of the year of issuance) are reminded to submit their registration applications by June 30, 2024, to avoid penalties.

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