FTA Highlights Simple EmaraTax Process and Warns of Penalties for Non-Compliance
Pavitra Shetty
Published on November 25, 2024, 15:08:35
The UAE's Federal Tax Authority (FTA) has reiterated the importance of corporate tax registration for businesses with licenses issued in October and November, regardless of the year, emphasizing the November 30 deadline to avoid administrative penalties.
Businesses can register via the EmaraTax digital tax services platform, which offers a simplified process in four steps, taking approximately 30 minutes. Existing value-added tax or excise tax registrants can log in directly and complete the registration.
Taxable persons must create a new EmaraTax account using their email and mobile number. After account creation, they can select the "Register for Corporate Tax" option and complete the process. Businesses may also opt to register through authorized tax agents listed on the FTA's website or at government service centers nationwide.
Once submitted, applications undergo verification by a specialized team. Upon approval, applicants receive their tax registration number directly via email.
The FTA warns that penalties, as outlined in Cabinet Decision No. 75 of 2023, will apply to businesses failing to meet the registration deadline set under Federal Decree-Law No. 47 of 2022.
Businesses are encouraged to act promptly to ensure compliance and avoid penalties.
For any enquiries or information, contact ask@tlr.ae or call us on +971 52 644 3004. Follow The Law Reporters on WhatsApp Channels
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