Corporate tax (CT)

Corporate tax registration deadlines for resident companies established before March 1

The UAE has introduced fresh corporate tax registration deadlines for eligible businesses this year. As of March 1, businesses are required to complete registration by a specific date determined by the month of their license issuance, or they risk incurring a Dh10,000 fine. New deadlines As per the Federal Tax Authority (FTA) announcement, resident companies established in the UAE before March 1 must adhere to designated deadlines this year for corporate tax registration.

For instance, if a license was issued in January or February, irrespective of the year, the company must submit its corporate tax registration application by May 31 to ensure legal compliance. In the case of businesses holding multiple licenses, like a group with various operations, the deadline is determined based on the "prior issued license" to establish the maximum timeframe, as specified by the FTA.

Corporate tax registration deadlines for resident companies established before March 1

For businesses established on or after March 1, including those in free zones, the obligation is to complete corporate tax registration within three months from the date of incorporation, establishment, or recognition.

In the case of a company established overseas but now managed and controlled in the UAE after March 1, the requirement is to apply for corporate tax registration within three months from the end of their financial year.

Companies established abroad but operating in the UAE before March of the current year must initiate the corporate tax registration process within nine months from the date they commenced operations in the Emirates. An overseas-based company engaging in business activities in the UAE must submit its registration application by May 31.

Similarly, an overseas company relocating to the UAE and commencing operations on or after March 1 must apply for corporate tax registration within six months.

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