Tax Update: Timelines for Corporate Tax Registration
All Taxable Persons are mandated to register for UAE Corporate Tax (CT) and obtain a CT Registration Number. The Federal Tax Authority (FTA) recently issued Decision No. 3 of 2024, delineating the timelines for Corporate Tax (CT) registration by Taxable Persons. This Decision will take effect from 1 March 2024. The deadline for submitting a registration application hinges on the license issuance date. The earliest deadline would be 31 May 2024, with an extension of the timeline available based on the license issuance date. It is recommended to quickly check the CT registration deadline and submit a CT registration application within the specified timelines to avoid an administrative penalty of AED 10,000.
How can we help?
Re/think provides tax and HR advisory, optimization, registration, implementation, compliance, and training services in UAE.
We designed our Corporate Taxation services to suit high-growth firms and their specific business needs at each stage of advisory, implementation, subsequent tax compliance, and management.
With our team of tax and HR advisors, finance experts, and tax accountants, we can provide you with a bundle of services, ensuring the implementation is cost-effective.
AUTHORS
Neil Guthrie
Senior Director – Finance & Tax
Urvi Zatakia
Associate Director – Finance
