As the deadline for Corporate Tax (CT) registration approaches, businesses in the UAE need to act promptly. The due date for submitting your Corporate Tax registration application is 30 June 2024. This requirement applies to juridical persons holding trade licenses issued in March and April, irrespective of the year of issuance.
The Federal Tax Authority (FTA) initially set the first due date for CT registration as 31 May 2024, with subsequent deadlines extending to the end of December 2024. Many businesses opted to complete their CT registration by the initial deadline. According to a Public Clarification issued by the FTA in February 2024, the following entities were required to register by 31 May 2024:
Now it is time for juridical persons holding trade licenses with issue date of March & April (irrespective of year of issuance) to submit the CT registration application by 30 June 2024. We strongly recommend submitting your application as soon as possible to avoid the one-time, non-deductible penalty of AED 10,000 for late submissions. For further information on Corporate Tax in the UAE or assistance with your registration, please contact our tax experts.
The Federal Tax Authority (FTA) initially set the first due date for CT registration as 31 May 2024, with subsequent deadlines extending to the end of December 2024. Many businesses opted to complete their CT registration by the initial deadline. According to a Public Clarification issued by the FTA in February 2024, the following entities were required to register by 31 May 2024:
- Juridical persons holding trade licenses with issue date of January & February;
- Juridical persons who do not hold a trade license (including foreign entities effectively controlled & managed in the UAE):
- Juridical persons having nexus in the UAE.
Now it is time for juridical persons holding trade licenses with issue date of March & April (irrespective of year of issuance) to submit the CT registration application by 30 June 2024. We strongly recommend submitting your application as soon as possible to avoid the one-time, non-deductible penalty of AED 10,000 for late submissions. For further information on Corporate Tax in the UAE or assistance with your registration, please contact our tax experts.