The timeline for Registration of taxable Persons for corporate Tax Purposes

We would like to draw your attention to a key regulatory development impacting businesses in the United Arab Emirates. In line with our commitment to promote transparent operations and regulatory compliance, we are obliged to highlight the recent promulgation of comprehensive guidelines governing the registration of taxable entities, pursuant to Federal Decree Law No. 47 of 2022 on the Taxation of Companies and Enterprises.

Of particular importance is the imposition of an administrative fine of AED 10,000 for companies that fail to register for corporation tax on time, as stipulated by the Ministry of Finance. This policy measure underlines the Government's commitment to encouraging a culture of timeliness and mirrors similar fines applicable in the areas of excise and value added tax.

In light of these developments, we at SwissTech, your partner in Dubai, offer our expertise and support to help you navigate this regulatory landscape smoothly. To this end, we offer a bespoke service where we can facilitate the registration process on your behalf for a one-off fee of AED 1,000. Rest assured that our team is fully equipped to meet your needs with the utmost professionalism and diligence.
Should you require any clarification or assistance, we invite you to take advantage of our expertise and contact us as soon as possible. Your satisfaction and compliance are paramount to us, and we are committed to your continued success in the UAE's dynamic business environment.

If you agree to our offer to register on your behalf, please reply via whatsapp or email us at corporatetaxteam@swisstech-consulting.net. Please note that this service is managed directly by us internally.

Thank you for your continued confidence in SwissTech. We look forward to serving you with excellence and dedication.

1. Month of license Issuance

• Established before March 1, 2024: The deadline depends on your license issuance date:
  • Jan-Feb (any year): May 31, 2024
  • March-June 2023: October 31, 2024
  • July-Sept 2023: November 30, 2024
  • Oct-Dec 2023: December 31, 2024
• Established after March 1, 2024: May 31, 2024

2. Other Scenarios

• Non-resident companies with a UAE branch: Register within 6 months of establishing the branch.
• Non-resident companies with a UAE nexus: Register within 3 months of establishing the nexus.
• Remember:
• The deadline applies to the earliest license issuance date if you have multiple licenses.
• Register through the Federal Tax Authority (FTA) portal: Prepare for the most common job interview
• questions and practice responding to them aloud..
• Missing deadlines can lead to penalties.

3. Stay Compliant, Stay Ahead Understanding

Respecting the deadlines for corporate tax registration holds utmost importance for all businesses
operating within the UAE. This ensures seamless operations and prevents the risk of incurring penalties.
We recommend seeking advice and support from a tax advisor well-versed in the UAE's corporate tax
regulations for additional guidance.

4. Understanding

By understanding the deadlines and taking action promptly, you can ensure your business remains compliant and thrives in the UAE’s evolving tax landscape.

5. Follow Up

For more detailed information, please visit our website.