As per Article 51 of the UAE Corporate Tax (CT) Law, any Taxable Person shall register for Corporate Tax with the Federal Tax Authority (FTA) in the form and manner and within the timeline prescribed by the FTA and obtain a Tax Registration Number, except in circumstances prescribed by the Minister of Finance.<\/p>\n
<\/p>\n
The FTA issued Decision No 3 of 2024 (\u2018the Decision\u2019) on 22 February 2024 wherein the timelines are prescribed to submit an application for tax registration for juridical persons and natural persons. The Decision shall be effective from 1 March 2024.<\/p>\n
We have captured the key takeaways of the Decision below:<\/p>\n
Resident juridical person<\/strong><\/p>\n <\/strong><\/p>\n Date of license issuance irrespective of year of issuance <\/strong><\/p>\n<\/td>\n Deadline for submitting tax registration application <\/strong><\/p>\n<\/td>\n<\/tr>\n 1 January \u2013 31 January<\/p>\n<\/td>\n 31 May 2024<\/p>\n<\/td>\n<\/tr>\n 1 February \u2013 28\/29 February<\/p>\n<\/td>\n 31 May 2024<\/p>\n<\/td>\n<\/tr>\n 1 March \u2013 31 March<\/p>\n<\/td>\n 30 June 2024<\/p>\n<\/td>\n<\/tr>\n 1 April \u2013 30 April<\/p>\n<\/td>\n 30 June 2024<\/p>\n<\/td>\n<\/tr>\n 1 May \u2013 31 May<\/p>\n<\/td>\n 31 July 2024<\/p>\n<\/td>\n<\/tr>\n 1 June \u2013 30 June<\/p>\n<\/td>\n 31 August 2024<\/p>\n<\/td>\n<\/tr>\n 1 July \u2013 31 July<\/p>\n<\/td>\n 30 September 2024<\/p>\n<\/td>\n<\/tr>\n 1 August \u2013 31 August<\/p>\n<\/td>\n 31 October 2024<\/p>\n<\/td>\n<\/tr>\n 1 September \u2013 30 September<\/p>\n<\/td>\n 31 October 2024<\/p>\n<\/td>\n<\/tr>\n 1 October \u2013 31 October<\/p>\n<\/td>\n 30 November 2024<\/p>\n<\/td>\n<\/tr>\n 1 November \u2013 30 November<\/p>\n<\/td>\n 30 November 2024<\/p>\n<\/td>\n<\/tr>\n 1 December \u2013 31 December<\/p>\n<\/td>\n 31 December 2024<\/p>\n<\/td>\n<\/tr>\n Where a person does not have a License at the effective date of this Decision<\/p>\n<\/td>\n 3 months from effective date of this Decision<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/strong><\/p>\n Where a juridical person has more than one Licence, the Licence with the earliest issuance date shall be used.<\/p>\n Category of Juridical Person <\/strong><\/p>\n<\/td>\n Deadline for submitting tax registration application <\/strong><\/p>\n<\/td>\n<\/tr>\n Incorporated in State including Free Zone Person<\/p>\n<\/td>\n 3 months from date of incorporation<\/p>\n<\/td>\n<\/tr>\n Foreign entity that is effectively managed and controlled in State<\/p>\n<\/td>\n 3 months from end of Financial Year of person<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/strong><\/p>\n <\/strong><\/p>\n Non-resident juridical person<\/strong><\/p>\n For a juridical person, that is a Non-Resident Person prior, on or after 1 March 2024, the timelines to submit the Tax Registration application shall be as per the below table:<\/p>\n Category of Juridical Person <\/strong><\/p>\n<\/td>\n Deadline \u2013 Non Resident Person prior to effective date of this Decision <\/strong><\/p>\n<\/td>\n Deadline \u2013 Non Resident Person on or after effective date of this Decision <\/strong><\/p>\n<\/td>\n<\/tr>\n Person that has Permanent Establishment in State<\/p>\n<\/td>\n 9 months from date of existence of Permanent Establishment<\/p>\n<\/td>\n 6 months from date of existence of Permanent Establishment<\/p>\n<\/td>\n<\/tr>\n Person that has a nexus in State<\/p>\n<\/td>\n 3 months from effective date of this Decision<\/p>\n<\/td>\n 3 months from date of establishment of nexus<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/strong><\/p>\n Natural persons who is conducting a Business or Business Activity during the 2024 Gregorian calendar year or subsequent years<\/strong><\/p>\n A natural person whose total turnover in a Gregorian calendar year exceeds AED 1 million shall be subject to UAE corporate tax and shall be required to obtain corporate tax registration.<\/p>\n In case an individual is conducting a business or business activity within the UAE, the timelines to submit the Tax Registration application shall be as per the below table:<\/p>\n Category of natural persons <\/strong><\/p>\n<\/td>\n Deadline for submitting tax registration application <\/strong><\/p>\n<\/td>\n<\/tr>\n Resident Person whose total Turnover derived in a Gregorian calendar year exceeds AED 1 million<\/p>\n<\/td>\n 31st March of subsequent Gregorian calendar year<\/p>\n<\/td>\n<\/tr>\n Non-Resident Person whose total Turnover derived in a Gregorian calendar year exceeds AED 1 million<\/p>\n<\/td>\n 3 months from date of meeting requirements of being subject to tax<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n Late submission of corporate tax registration application<\/strong>1<\/p>\n Taxable Persons that fail to submit the application for UAE Corporate Tax Law within the timelines stipulated by the FTA may face a penalty of AED 10,000.<\/p>\n You may contact Globalserve for further assistance<\/p>","protected":false},"excerpt":{"rendered":" As per Article 51 of the UAE Corporate Tax (CT) Law, any Taxable Person shall register for Corporate Tax with the Federal Tax Authority (FTA) in the form and manner and within the timeline prescribed by the FTA and obtain a Tax Registration Number, except in circumstances prescribed by the Minister of Finance.<\/p>","protected":false},"author":7,"featured_media":3178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-3201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/3201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/comments?post=3201"}],"version-history":[{"count":0,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/3201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media\/3178"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media?parent=3201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/categories?post=3201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/tags?post=3201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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