The Federal Tax Authority (FTA) has called on resident juridical persons with licences issued in March and April to submit their Corporate Tax registration applications by June 30, 2024, to avoid penalties. This follows the FTA Decision No. (3) of 2024, effective from March 1, which set deadlines for Corporate Tax registration.
The FTA emphasised that failure to comply with these deadlines, as outlined in Cabinet Decision No. (75) of 2023, will result in administrative penalties under Federal Decree Law (47) of 2022 on Corporate Taxation.
Both resident and non-resident juridical persons, as well as natural persons, must adhere to these requirements. Resident natural persons with business revenues exceeding Dh1 million in a calendar year must register by March 31 of the following year. For 2024 revenues, the deadline is March 31, 2025. Non-resident natural persons must register within three months of meeting the Dh1 million revenue threshold.
