Federal Tax Authority Urges Resident Juridical Persons With Licences Issued In May To Register For Corporate Tax By 31 July 2024

The Federal Tax Authority (FTA) has urgedResident Juridical Persons with Licences issued in May (regardless of the year of issuance) to submit their Corporate Tax registration applications by 31 July 2024. This aligns with the timelines specified in Federal Tax Authority Decision No. 3 of 2024 on the Timeline specified for Registration of Taxable Persons for Corporate Tax for the purposesof Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments, which came into effect on 1 March 2024.

The FTAemphasised the importance of taxpayers adhering to the registration deadlines specified for each category. These deadlines were previously announced through various official media platforms, including print, visual, and audio media, as well as the FTA’sofficial social media channels and by direct outreach through the official database of registered company owners in the UAE. The FTA notes that compliance with these deadlines is essential to avoid the relevant Administrative Penalties.

The FTA also specified that the deadlines for submitting registration applications for those subject to Corporate Tax cover both juridical and natural persons, including Resident Persons and Non-Resident Persons. The FTAnoted that all categories of Personscan view these specific deadlines, decisions, public clarifications, and other pertinent issuances on the FTA’sofficial website: https://tax.gov.ae/en/media.centre/news.

According to the FTA’sPublic Clarification regarding the Registration Timelines for Taxable Persons for Corporate Tax, any Resident JuridicalPerson,incorporated or otherwiseestablished or recognised before 1 March 2024, must submit their tax registration applications for Corporate Tax based on the month of their Licenceissuance.

Juridical persons, whohave an expiredLicence on 1 March 2024, must submit their tax registration application based on the month the Licence was originally issued. If a juridical person holds more than oneLicence on 1 March 2024, the Licence with the earliest issuance date shall be used.

To facilitate the application, submission, and registration process for taxpayers, Taxable Persons must use the “EmaraTax”digital tax services platform. This platform is available 24/7 and enables unregistered personsto create a new user profile and obtain a tax registration number easily and conveniently via their email and phone number. Additionally, direct service provision is available through accredited tax agents listed on the FTA’swebsite and at government service centers across the UAE.

The FTA has alsoemphasised the importanceof providing accurate information and submitting updated supporting documents correctly with the electronic registration application, noting that registering for Corporate Tax for a juridical person requires uploading various documents, including the commercial licence, the Emirates ID card, the passport of the authorised signatory, and proof of authorisation for the authorised signatory.

The FTAhas indicated that its website features a video that provides a comprehensive explanation of the registration process through the “EmaraTax” platform, which was designed according to international best practices to facilitate the registration journey, the submission of periodic returns, and the payment of due taxes in the easiest and fastest ways for all categories of taxpayers.