FTA Urges Resident Corporations to File Corporate Tax Applications by May 31

The Federal Tax Authority (FTA) has urged resident companies that obtained licences in January or February to submit their Corporate Tax applications by May 31, 2024, to avoid breaching tax regulations.

In a press release, the FTA emphasised the importance of adhering to the timelines outlined in FTA Decision No. 3 of 2024, effective from March 1, 2024.

Failure to meet the specified deadlines could result in administrative penalties, as per Cabinet Decision No. 10 of 2024.

Administrative penalties will be enforced on companies failing to comply with the requirement of filing Corporate

Tax registration applications within the designated deadlines for each category of corporate taxable entities. The decision delineates specific deadlines for both legal entities and individuals, whether residents or non-residents.

The FTA has called upon all stakeholders involved in implementing the Corporate Tax Law to familiarise themselves with the legislation, relevant guides available on the FTA’s website and associated decisions, accessible via the following link.

Emphasising the accessibility of Corporate Tax registration through the EmaraTax digital platform at all times, the FTA highlighted that the registration process entails four simple steps, taking approximately 30 minutes.

For added convenience, entities already registered for Value Added Tax (VAT) or Excise Tax can utilise their accounts on EmaraTax to complete the Corporate Tax registration process and submit the necessary documents.

Upon approval of the registration request, applicants will receive a Tax Registration Number (TRN) for Corporate Tax purposes.

The FTA stressed that unregistered entities subject to Corporate Tax must create a new user profile. New users can access the EmaraTax platform via the FTA’s e-Services portal at e-Services Portal, where they can establish an account using their email address and phone number.

Subsequently, they can proceed with registration by providing taxpayer identification and selecting the "Corporate Tax registration" option to complete the process seamlessly.

Furthermore, the FTA facilitates Corporate Tax registration requests through various Government Service Centres across the UAE, staffed by trained specialists offering electronic services adhering to government standards to ensure quality service delivery.

Upon completion of the application processes and verification of the electronically entered data at the service center, FTA officers will review the applications.

Successful applicants will receive their Tax Registration Number (TRN) via the email address provided during the Corporate Tax registration application submission.

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