What is Corporate Tax Registration Last Date? How To Register for Corporate Tax in UAE?

What is Corporate Tax?

News: Corporate Tax (CT) is a tax that companies pay on their profits. In the United Arab Emirates (UAE), the government has introduced CT to ensure fair contributions from businesses.

Why Register for Corporate Tax?

All Taxable Persons (companies that need to pay tax) and certain categories of Exempt Persons (like Qualifying Public Benefit entities and Qualifying Investment Funds) must register for CT with the Federal Tax Authority (FTA). This registration provides them with a Tax Registration Number (TRN).

Important Dates for Corporate Tax Registration:

1. Taxable Persons in Existence as of March 1, 2024:

a. License Issuance Date: If your company has a license, here are the registration deadlines:

• January 1 to February 29: Register by May 31, 2024.

• March 1 to April 30: Register by June 30, 2024.

• May 1 to May 31: Register by July 31, 2024.

• June 1 to June 30: Register by August 31, 2024.

• July 1 to July 31: Register by September 30, 2024.

• August 1 to September 30: Register by October 31, 2024.

• October 1 to November 30: Register by November 30, 2024.

• December 1 to December 31: Register by December 31, 2024.

b. No License as of March 1, 2024: Register within 3 months from the date of incorporation or registration in the UAE (including Free Zones).

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2. Natural Persons:

If you’re a natural person subject to tax for the calendar year 2024, register by March 31, 2025. Otherwise, register by March 31 following the respective Gregorian calendar year.

3. Non-Residents:

a. Permanent Establishment (PE):

• Register within 9 months from the date of PE existence.

b. Nexus in the UAE:

• Register within 3 months from establishing the nexus.

c. Other Non-Residents Earning State Sourced Income:

• No need to register for UAE CT.

How to Register:

1. Visit the FTA website.

2. Complete the registration form.

3. Provide necessary details.

4. If you’re a foreign business, consider appointing a tax agent in the UAE.

FAQs

Q: When do businesses need to register for Corporate Tax in the UAE?

A: The timeline for Corporate Tax Registration in the UAE depends on when the business received its license. If licensed in January or February, the deadline is May 31, 2024.

Q: What happens if businesses miss the registration deadlines?

A: Failure to meet registration deadlines could lead to facing administrative penalties, as outlined in Cabinet Decision No. 75 of 2023.

Q: How do parent companies handle tax returns for tax groups?

A: Parent companies managing tax groups can streamline the process by submitting a single tax return to the FTA on behalf of the entire group.

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