Attention UAE Business Owners: Corporate Tax Registration Deadline

Date Posted:Mon, 27th May 2024

As those of you who are in or do business in the United Arab Emirates may be aware, under the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, and the related Cabinet Resolutions and guidance issued by the Federal Tax Authority, UAE businesses are required to register this year for Corporate Tax.

The deadlines for submitting a tax registration application fall between 31 May 2024 and 31 December 2024, depending on the month in which the license for the UAE business or company was issued (regardless of the year of issuance or financial year end).

If your business license was issued between 1 January and 28/29 February, make sure to register for Corporate Tax by 31 May 2024 to avoid a penalty of AED 10,000 for late registration.

Penalties of AED 10,000 apply in the event of failure to meet the applicable registration deadline. Don't miss out on these important deadlines. Should you, your clients or affiliates that are present or doing business in the UAE require assistance with submitting a registration application, please do not hesitate to contact one of the following advisers within our network:-

• Al Tamimi & Company Ltd

• CBD Corporate Services Limited (Dubai Branch)

• Evolution Consulting Group

• PB First Global Tax Advisors

• Intelligent Finance Consultants