The Federal Tax Authority calls for registration for corporate tax before the end of November

The Federal Tax Authority has renewed its call on resident legal persons, holders of licenses issued in the months of October and November (regardless of the year of issuance of the license), to expedite the submission of registration applications for corporate tax no later than November 30, 2024, to avoid administrative fines.

The Authority stressed, in a press statement yesterday, the necessity of adhering to the periods specified in Federal Tax Authority Resolution No. (3) of 2024, regarding the period specified for the registration of persons subject to corporate and business tax for the purposes of Federal Decree Law No. (47) of 2022, regarding the tax on Companies and Businesses and its amendments, which entered into force on March 1, 2024, specifying the time periods within which each category of those subject to corporate tax must submit registration applications. During it.

The Authority alerted that, pursuant to Cabinet Resolution No. (75) of 2023, regarding administrative fines for violations related to the application of Federal Decree Law No. (47) of 2022, regarding corporate and business tax and its amendments, an administrative fine is applied to taxable persons who are not obligated to submit Registration applications for corporate tax within the time periods specified in the Authority’s decision in this regard, and it indicated that the Authority’s decision applies to the periods specified for submitting registration applications for those subject to For corporate tax, it includes legal persons and natural persons (residents and non-residents), noting that the resident legal person, if it is established, established, or otherwise recognized before March 1, 2024, must submit a registration application for corporate tax to the Authority based on the month Issuance of the license, regardless of the year of issuance.

She added that if the taxable person had more than one license on March 1, 2024, he must adopt the date of issuance of the earlier license. However, if the taxable person had a license that expired on March 1, 2024, the maximum registration limit will depend on the month in which it was issued. It has the license.

The Federal Tax Authority explained that registration for corporate tax is available through the Emirates Tax platform for digital tax services around the clock, through four main steps, which take about 30 minutes.