JobXDubai

The Federal Tax Authority (FTA) of the United Arab Emirates has issued an urgent call to action for resident juridical persons with UAE licenses issued in June. These entities must submit their Corporate Tax registration applications by August 31, 2024, to avoid administrative penalties.

Key Points for UAE Taxpayers

1. Deadline: August 31, 2024, for June-issued licenses (regardless of year)
2. Regulation: FTA Decision No. 3 of 2024, effective from March 1, 2024
3. Scope: Applies to both resident and non-resident juridical and natural persons
4. Multiple Licenses: Deadline based on the earliest license issuance date
5. Expired Licenses: Still required to register based on original issuance month

Registration Process

1. Platform: EmaraTax digital tax services (available 24/7)
2. Duration: Approximately 30 minutes
3. Steps: Four main steps for completion
4. Existing VAT/Excise Tax Registrants: Can access directly through their EmaraTax accounts

Penalties for Non-Compliance

As per Cabinet Decision No. 75 of 2023, failure to register within the specified timeframe will result in administrative penalties.

How to Register

1. Create a new username on EmaraTax (eservices.tax.gov.ae)
2. Select “Register for Corporate Tax” option
3. Follow the remaining steps

Alternatively:

• Register through authorised tax agents listed on the FTA website
• Submit applications at government service centers across the UAE

Post-Registration

Upon approval, registrants will receive a tax registration number for Corporate Tax purposes via email.

FTA Recommendations

1. Review the Corporate Tax Law
2. Study related implementing decisions
3. Consult guidelines published on the FTA website