Submit registration requests for corporate tax before the end of March

The Federal Tax Authority again stressed the necessity of speeding up the natural persons subject to corporate tax, by submitting registration requests for corporate tax before the end of this March 2025, to avoid violating tax legislation and exposure to the administrative fines of it.

The commission stressed in a press statement yesterday that in the event that a natural person performs business or business activity in the country during the Gregorian year, or the years after it, and his total revenues in that calendar year exceeded one million dirhams, this natural person is subject to tax, and he must register for the purposes of corporate tax no later than March 31 of the Gregorian subsequent year for the year in which the total revenue exceeds a million dirhams He must comply with all the obligations related to corporate tax.

She explained that the “natural person” means the living person of any age, whether he is residing in the state or anywhere, pointing out that he is subject to corporate tax as much as he does business or business activity in the state, and this includes individual facilities, and individual partners in the joint coalitions who practice business or business activity in the state.

The authority indicated that the first possible tax period for the natural person who does business or business activity is the Gregorian year 2024.

The authority presented an example of this by saying: “If a natural person performs business or business activity in the country during the Gregorian year 2024, and his revenues exceeded one million dirhams on July 31, 2024, he will have to submit a request for registration for corporate tax purposes no later than March 31, 2025, and therefore he will have to submit the approval of corporate tax no later than September 30, 2025, and if the natural person who must register for purposes Companies tax by submitting the tax registration application during the specified period, which will be imposed on an administrative fine of 10 thousand dirhams.

Regarding the registration procedures, the authority explained that the registrar for value -added tax or selective tax can enter directly to his account via the “TAACAR” platform, which provides digital tax services around the clock, then complete the registration request for corporate tax so that after approval of the registration request, the registration number is able to obtain a registration number for corporate tax purposes.

. The revenue in the calendar year exceeds one million dirhams, the natural person is subject to tax.