FTA APPROVED TAX AGENCY
VAT Returns deadline is 28th of every month. Excise Tax Returns deadline is 15th of every month ESR Notification Submission deadline, 6 months from the end of the financial year ESR Report Submission deadline, 12 months from the end of the financial year Click here to know the Foreign Exchange (FX) rates applicable for VAT from the UAE Central Bank website
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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 

 

This process, commonly referred to as VAT amendment, typically takes around 20 business days (approximately one month) to be approved. 

 

Updating your VAT account can expedite the approval process for CT registration. If you have already registered, please disregard this reminder. 

 

Hence before applying for CT registration, it is advisable to update your VAT account to get quick approval for CT registration. Kindly ignore this mail if you have already registered. 

 

Refer the following blog to know more about VAT amendment – Link (https://www.spectrumaccounts.com/amendments-in-vat-account/) 

 

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Why Choose Spectrum Auditing?

At Spectrum Auditing, we go beyond just being an auditing firm; we’re your trusted partner in navigating the ever-evolving landscape of UAE regulations. Here’s what sets us apart:

  • Unparalleled Expertise: Our team consists of accredited auditors, management accountants, consultants with in-depth knowledge of UAE laws, ensuring your business remains compliant.
  • Streamlined Solutions: We take a comprehensive approach, guiding you through every step of the process, from risk assessment to filing reports.
  • International Recognition: Be audits or any type of compliance, we adhere to the highest standards (ISA, IAS, IFRS), providing global credibility.
  • Personalized Support: We understand every business is unique. We tailor our services to address your specific needs and answer any questions you may have.

 

Partner with Spectrum Auditing today. Let’s focus on your success, while you focus on what you do best – running your business.

 

Spectrum can help you out with the above services. Reply to this email or contact [email protected] or call us on our landline @ +971 4 2699 329 today! 

 

 

 

 

 



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Balaram Vuchidi

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+971 50 9866 466
[email protected]
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