Insights

In accordance with the provisions outlined in Clause 1 of Article 51 of Federal Decree-Law No. 47 of 2022, it is the responsibility of any Taxable Person to actively pursue Corporate Tax Registration and obtain a Tax Registration Number within the timeframe set by the Federal Tax Authority (FTA).

On 22 February 2024 (with an effective date of 1 March 2024), the FTA issued Decision No. 3 of 2024, setting the deadline for Corporate Tax Registration.

In this newsletter, we will explore the various deadlines for corporate tax registration applicable to different categories of taxpayers:

- Incorporated or established before 1 March 2024

Resident juridical persons incorporated or otherwise established before 1 March 2024 are required to apply for corporate tax registration according to the month in which their original licence was issued, regardless of the year.

The submission deadlines range from 31 May 2024 to 31 December 2024, depending of the month the license was issued (see table).

f a Taxable Person holds more than one license, the date of the earliest issued license should be used for this purpose.

- Incorporated or established after 1 March 2024

Resident juridical persons incorporated or otherwise established on or after 1 March 2024 are required to apply for registration for Corporate Tax in accordance with the guidelines set out (see table).

• The registration deadline for Non-Resident Persons having a Permanent Establishment (PE) in the UAE before 1 March 2024 is nine (9) months from the date of existence of the PE.
• The registration deadline for Non-Resident Persons having a nexus in the UAE before 1 March 2024 is 31 May 2024.
• The registration deadline for Non-Resident Persons who may have a PE in the UAE after 1 March 2024 is 6 months from the date of existence of the PE.
• The registration deadline for Non-Resident Persons who may have a nexus in the UAE after 1 March 2024 is 3 months from the date of establishment of the nexus.

• Resident individuals conducting business activities in the UAE in 2024 with a turnover exceeding AED 1,000,000 are required to register by 31 March of the following Gregorian calendar year.
• Non-resident individuals conducting business in the UAE in 2024 with a turnover exceeding AED 1,000,000 are required to register within three (3) months of qualifying for taxation.

An administrative penalty of AED 10,000 will be imposed for failure to meet the deadlines for submitting a tax registration application. At Statura, we are prepared and fully equipped to assist you throughout the registration process, ensuring compliance with all mandatory updates required by the FTA portal.