Resident Juridical Persons with licenses issued in July must submit their applications for corporate tax registration by September 30

The Federal Tax Authority (FTA) has emphasised that Resident Juridical Persons who have licenses that were issued in July, regardless of the year in which they were issued, must submit their applications for corporate tax registration by September 30, 2024, at the latest. 

Administrative fines will be imposed if this deadline is missed. 

FTA Decision No. 3 of 2024, which describes the deadlines for corporate tax registration under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, is in accordance with this criterion, according to the FTA. All categories of Taxable Persons are subject to the deadlines, which went into force on March 1st, 2024.

Cabinet Decision No. 75 of 2023, which emphasises strict adherence to registration deadlines, governs penalties for late submissions. The FTA made it clear that both resident and non-resident natural and juridical persons are covered by the ruling. 

If a taxable person holds more than one license, they must meet the deadline determined by the license's date of issuance. According to the month of initial issuance, registration is still necessary even if a licence has expired before March 1, 2024.

The FTA provides a 30-minute online registration process using the EmaraTax digital platform, which is available around-the-clock, in an effort to expedite the process. The website may be utilised by registrants to gain access to their current Value Added Tax or Excise Tax accounts. 

All Taxable Persons are urged by the FTA to swiftly complete the registration process after reviewing the Corporate Tax Law and associated recommendations on their website.