UAE Corporate Tax Update: Key Registration Dates You Need to Know

 | Updated on: April 3, 2024

The Federal Tax Authority (FTA) of the United Arab Emirates has recently introduced a directive detailing specific registration periods for those subject to Corporate Tax.  

Set to commence on March 1, 2024, this initiative seeks to ensure compliance with the Federal Decree-Law No. 47 of 2022, regarding the taxation of corporations and businesses, including all subsequent updates.  

This directive from the FTA pertains to both juridical and natural persons, covering both Residents and Non-Residents.  

For Juridical persons (resident) incorporated, established, or otherwise recognized before March 1, 2024: 

Juridical persons (residents) incorporated on or after March 1, 2024: These entities must register within three months from their date of incorporation, establishment, or recognition. 

Juridical persons (non-residents) with a permanent establishment before March 1, 2024: These entities are required to register within nine months from the start of their Permanent Establishment's existence. 

Juridical persons (non-residents) on or after March 1, 2024: They must complete registration within six months of establishing a Permanent Establishment or within three months of forming a nexus in the UAE. 

Natural persons (residents and non-residents): They are required to register by March 31 of the year following the one in which their turnover exceeds the threshold. 

It is crucial to note that failure to comply with these registration timelines could lead to administrative penalties as outlined in Cabinet Decision No. 75 of 2023. 

The FTA emphasizes the accessibility of Corporate Tax registration through its EmaraTax digital tax services platform. This platform is available around the clock, offering a straightforward registration process that can be completed in approximately 30 minutes. 

How does TallyPrime ensure your compliance with UAE corporate tax? 

TallyPrime is engineered to support businesses in effortlessly navigating towards compliance with the UAE's corporate tax regulations. It provides a robust foundation for generating comprehensive financial reports. These reports are crucial for accurately determining tax liabilities, making the tax preparation process straightforward and efficient in TallyPrime.  

In an environment where adhering to corporate tax laws is crucial, selecting the right business management software is paramount. TallyPrime emerges as a robust solution, equipped with an extensive array of business modules tailored to meet the evolving demands of your enterprise. 

TallyPrime excels in producing immediate and accurate accounting, inventory, and financial reports, such as profit and loss accounts, balance sheets, and more. These capabilities are essential for smooth business operations and ensuring compliance with corporate tax regulations.  

Furthermore, TallyPrime extends its utility beyond just corporate tax preparation; it offers comprehensive support for UAE VAT compliance, including the generation of tax invoices and the precise filing of VAT returns. 

If you haven't experienced TallyPrime yet, we encourage you to schedule a free demo. You'll discover how TallyPrime's flexibility and features can be tailored to fit your business's unique needs, streamlining operations, and ensuring tax compliance.