Corporate Tax is a tax on the money businesses make. The UAE wants to make its tax system fair and modern. This helps make the UAE a great place for businesses from all over the world. It also shows that the UAE plays by the same rules as other countries when it comes to taxes. The new tax rules started on June 1, 2023. This means if your business year began on or after that date, you need to follow the new rules.
Who Should Register for UAE Corporate Tax?
If you have a business in the UAE, you probably need to sign up for corporate tax. This includes regular businesses and those in Free Zones. Anyone with a business license in the UAE should be registered. When you do, you will get a tax registration number from the government office Federal Tax Authority (FTA). This number is important for your business taxes. The FTA is in charge of all business taxes in the UAE. So, if you are doing any kind of business in the UAE, even in a Free Zone, you need to register for this tax.
Timeline for UAE Corporate Tax RegistrationÂ
Companies must sign up for corporate tax by dates set by the tax office (FTA). This comes from their Decision No. 3 of 2024.
Corporate Tax Registration Timeline: Key Points
- These rules start on March 1, 2024.
- Your corporate tax deadline depends on when your business license was first issued. Look at the month on your original license.
- If your license was issued in January or February, you must register by May 31, 2024. This is the earliest deadline for any company.
- Missing the Corporate Tax Registration Deadline may result in a 10,000 AED fine. This fine is for not applying, not for not having a tax number yet.
- The FTA announced these rules on February 28, 2024.
It is crucial to register on time to avoid penalties. The tax office is strict about these deadlines. Make sure you know your specific deadline based on your license issue date. If you are unsure, it is best to check with a tax expert or the FTA directly.
Corporate Tax Registration Deadline on EmaraTax Portal
For Resident Juridical Persons who are incorporated before March 1, 2024, the timeline for Tax Registration is as follows:
| Month of Issue of License regardless of the year of issuance of the license. | Deadlines for Submit a Corporate Tax Registration Application  |
| 1 January – 31 January | 31 May 2024 |
| 1 February – 28/29 February | 31 May 2024 |
| 1 March – 31 March | 30 June 2024 |
| 1 April – 30 April | 30 June 2024 |
| 1 May – 31 May | 31 July 2024 |
| 1 June – 30 June | 31 August 2024 |
| 1 July – 31 July | 30 September 2024 |
| 1 August – 31 August | 31 October 2024 |
| 1 September – 30 September | 31 October 2024 |
| 1 October – 31 October | 30 November 2024 |
| 1 November – 30 November | 30 November 2024 |
| 1 December – 31 December | 31 December 2024 |
| If a person doesn’t have a license on 1 March 2024 | 3 Months from 1 March 2024 (i.e., before the end of May 2024) |
For Resident Juridical Persons who are incorporated on or after March 1, 2024, the timeline for Tax Registration is as follows:
- For companies set up on or after March 1, 2024: You have got 3 months from when you started to sign up. This includes businesses in Free Zones.
- For foreign companies run from the UAE: Sign up within 3 months after your financial year ends.
For companies not based in the UAE:
- If you had a permanent office in the UAE before March 1, 2024, you get 9 months to sign up from when you opened it.
- If you just do business in the UAE and started before March 1, 2024, sign up by the end of May 2024.
- If you set up a permanent office after March 1, 2024, you have 6 months to sign up.
- If you just started doing business in the UAE after March 1, 2024, sign up within 3 months.
For individuals:
- UAE residents: If you make over 1 million AED in a year, sign up by March 31 of the next year.
- Non-residents: If you make over 1 million AED from UAE business in a year, sign up within 3 months of becoming a UAE taxpayer.
Remember, if you miss your Corporate Tax Registration Deadline, you might have to pay a 10,000 AED fine. So make sure you register corporate tax on time!
Documents Required for Corporate Tax Registration
- Copy of all latest trade licenses & certificate of incorporation
- Copy of memorandum of association (MOA) or any other document that shows who owns what in the business.
- Registered office address.
- Financial year adopted by the taxable person to prepare financial statements
- Copy of Emirates ID & Passport of the Owners and shareholders, along with all the details of their shareholding in the business.
Also read: UAE Corporate Tax Registration 2024 – Everything You Need to Know
How Can Intellect Chartered Accountants help:
- We can guide you through setting up your UAE Pass account if you do not have one yet.
- We will help you connect your UAE Pass to your EmaraTax account, making sure everything’s ready for the change.
- We connect your UAE Pass to your EmaraTax account if you cannot connect.
Contact Intellect Chartered Accountants for Corporate Tax RegistrationÂ
You can contact Intellect Chartered Accountants for Corporate Tax Registration Services. Our team will assist you through the process.
Website: https://intellectca.ae/
Phone/Whatsapp: +971 42229911
Email: info@intellectca.ae
Address: 807, Clover Bay Tower, Burj Khalifa Area, Business Bay, Dubai
