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Timeline for the UAE Corporate Tax Registration

The timeline for the UAE Tax registration is finally out. The FTA released Federal Tax Authority Decision No. 3 of 2024 – Issued 22 February 2024. This Decision is effective from 1st March 2024

But don’t worry. The effective date of 1st March 2024 is not the registration deadline. For companies based in the UAE, the timeline for registration is based on the date of license issuance irrespective of the year of issuance, with the earliest deadline being 31st May 2024.

What does this mean? It means you have to refer to the month and date when your business license was issued to determine your registration deadline. Businesses with licenses issued in January or February will have to submit their corporate tax registration application by 31st May 2024. Likewise, kindly refer to the table published by the FTA to know the timeline applicable to your UAE business.

For resident juridical persons:

Be advised that, for a business that will be incorporated or otherwise established, they have to obtain corporate tax registration within (3) three months from the date of incorporation, establishment or recognition.

Please refer to the Federal Tax Authority Decision No. 3 of 2024 for more information on any cases other than those mentioned above.

Timely registration is important to stay in compliance with the FTA rules and regulations and save your business from a penalty of AED 10,000. Get in touch with BINJOY for more information.