The Federal Tax Authority (the FTA) has issued Decision No. 3 of 2024, which came into effect on 1 March 2024. This decision prescribes the corporate tax registration timeline for taxable persons under the Federal Decree-Law No. 47 of 2022, concerning the taxation of corporations and businesses.
Whilst it was initially stated in the FTA’s FAQs that entities would be required to register for corporate tax prior to filing their first tax return, the FTA’s recent decision introduces a structured set of timelines for the registration of resident, non-resident, corporate and natural taxable persons under Federal Decree-Law No. 47 of 2022.
Registration Timeline for Taxable Persons– Resident
TABLE A
Registration Timeline for Taxable Persons– Non –Resident
Decision number 3 of 2024 does not expressly /specifically address what the deadline for submitting a tax registration application will be for branches or other local establishments which were already in existence as at 1 June 2023 (the date on which corporate tax was introduced in the UAE).
Implications of Non-Compliance
The decision also outlines that failure to register in accordance with the specified timelines will result in administrative penalties, in line with Cabinet Decision No. 75 of 2023.
