AVOID AED 10,000 FINE: Get to Know the Latest Update for UAE Corporate Tax Registration
Sanya Hasan
Business Setup Advisor
6 March 2024
The Federal Tax Authority (FTA) has announced new deadlines for businesses and individuals to register for Corporate Tax in the UAE. These deadlines, outlined in a recent FTA Decision, apply to companies and individuals subject to the Corporate Tax implemented in June 2023.
Key Points:
This user-friendly tool takes the guesswork out of budgeting. By answering a series of questions, you’ll gain valuable insights into:
Company type:
- Juridical person (company) or natural person (individual)
Residency Status:
- Resident or non-resident
For companies incorporated before March 1, 2024:
- The deadline depends on the month your license was issued.
- Juridical person that has more than one License, the License with the earliest issuance date shall be used.
- A juridical person that is a Resident Person incorporated or otherwise established or recognized on or after the effective date of this Decision, shall submit a Tax Registration application, in accordance with the following table:
Avoiding Penalties:
Failure to register within the specified timeframe may result in administrative penalties.
To know more, contact us at 800 EZONEUAE(39663823) or email us at hello@e.zone