“The Federal Taxes” calls for registration in corporate tax

The Federal Tax Authority called on natural persons subject to corporate tax to submit registration requests for corporate tax, no later than March 31, 2025, in order to avoid administrative fines.

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

A guide issued by the authority, recently, regarding the registration of natural persons to increase awareness about the registration of natural persons for corporate tax, that the first possible tax period for the natural person who practices business or business activity is the Gregorian year 2024.

He continued: «For example, if a natural person practices 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 thus he will have to Submit the approval of the corporate tax no later than September 30, 2025, and in the event that the natural person who must register for corporate tax purposes does not make the tax registration request during the specified period, he will impose an administrative fine of 10 thousand dirhams.

The guide explained that the “natural person” means a person, whatever his age, whether he is residing in the state or anywhere else, and the “natural person” is subject to corporate tax to the extent that he practices business or business activity in the state, and this includes individual facilities and partners Individuals in the joint coalitions who practice business, or business activity in the state.

The authority called on all the concerned persons to view the corporate tax law, executive decisions, guidelines and awareness versions through the website of the Federal Tax Authority.