Time Line for Corporate Tax Registration (With Effective From 1^st march 2024)

 

FTA has issued timeline for applying for registration of Corporate Tax for taxable persons failing which will attract a penalty of AED 10,000/-

   

A.   Timeline for registration of Resident Juridical Person

1. A resident juridical person who is incorporated or recognized before 1^st march 2024 following is the timeline for applying for registration:

License issuance date	Timeline for submitting the application
1st January – 28/29th February	31st May 2024
1st March – 30th April	30th June 2024
1st May – 31st May	30th July 2024
1st June – 30th June	31st August 2024
1st July – 31st July	30th September 2024
1st August – 31st August	31st October 2024
1st September – 30th September	31st October 2024
1st October – 30th November	30th November 2024
1st December – 31st December	31st December 2024
If a taxable person conducting business is not having a license on 1st March 2024	1st June 2024 (3 months from 1st March 2024)

If a person has more than one license, the earliest license issuance date shall be considered.

To summarize, a juridical person in existence up to 29^th February, 2024 (whether having a license or not) need to apply for registration in the year 2024 based on their license issuance date.

 

2. A resident juridical person who is incorporated or recognized after 1^st March 2024 following is the timeline for applying for registration:

Category of Resident Juridical person	Timeline for submitting the application
A person including a free zone person which is incorporated or recognized in UAE after 1stMarch 2024.	3 months from date of incorporation or recognition
A person that is incorporated or recognized outside UAE after 1st March 2024 but having POEM in UAE.	3 months from the end of the Financial Year of the person

 

B.   Timeline for registration of Non – Resident Juridical Person

1. A juridical person who is Non – Resident before 1^st March 2024 shall submit the application for registration as follows:

Category of Non – Resident Juridical person	Timeline for submitting the application
A person that is having Permanent Establishment in UAE.	9 months from the date of existence of the Permanent Establishment
A person having nexus in the state.	1st June 2024 (3 months from the effective date of this decision)

2. A juridical person who is Non – Resident after 1^st March 2024 shall submit the application for registration as follows:

Category of Non – Resident Juridical person	Timeline for submitting the application
A person that is having Permanent Establishment in UAE.	6 months from the date of existence of the Permanent Establishment
A person having nexus in the state.	3 months from the effective date of establishment of nexus

 

C.   Time line for registration by Natural Person

A natural person conducting business activity shall apply for tax registration as follows:

Category of Natural person	Timeline for submitting the application
A resident person conducting business activity whose turnover during 2024 Gregorian calendar year or subsequent years exceeds turnover of AED 1 million.	31st March of the subsequent Gregorian calendar year
A non – resident person conducting business activity whose turnover during 2024 Gregorian calendar year or subsequent years exceeds turnover of AED 1 million.	3 months from the date when turnover exceeds AED 1 million.

   

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