Oct 17, 2024 
Corporate Tax
Important Reminder for Trade License Holders: CT Registration Deadlines
If your trade license or certificate of incorporation was issued in August or September, please be aware that the Corporate Tax (CT) registration deadline is October 31, 2024. Additionally, for companies incorporated on or after March 1, 2024, the deadline to apply for CT registration is three months from the date of incorporation.
Key Points to Note:
- CT Registration Deadline: October 31, 2024, for licenses issued in August or September.
- New Companies: Deadline is three months from the date of incorporation for companies established on or after March 1, 2024.
- Penalties: Failure to submit the CT registration application may result in a penalty of AED 10,000.
Action Required:
Ensure that any resubmissions or further enquiries from the Federal Tax Authority (FTA) related to CT registrations are addressed before the due date to avoid penalties. Please refer to the provided link for registration deadlines – https://www.spectrumaccounts.com/time-line-for-corporate-tax-registration/Preparation Steps:
Before initiating the Corporate Tax registration process, it is essential to update your VAT profile by submitting the following KYC documents:- Trade licenses
- Emirates IDs
- Passport copies of owners and authorized signatories
- Entity’s address
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