UAE residents with corporate tax obligations have until June 30 to submit their registration application if their licenses were issued in March or April. For juridical persons who did not have a license by March 1, the deadline is May 31. Corporate tax applies to juridical persons incorporated in the UAE and foreign entities managed in the country. Companies with turnovers exceeding Dh1 million annually will be subject to corporate tax. Missing the registration deadline could result in a Dh10,000 fine.
Corporate tax is a direct tax on the income or profit of corporations and businesses. The FTA Director-General stated that the business sectors have been informed of the deadlines to strengthen partnerships with taxable persons and ensure tax compliance. The FTA has been conducting awareness campaigns to educate businesses on corporate tax compliance through workshops and engagements with economic councils and business assemblies.
The deadline for corporate tax registration is approaching for UAE residents with licenses issued in March or April, and those without licenses by March 1. Juridical persons in the UAE or foreign entities managed in the country are subject to corporate tax. Individuals conducting business activities with turnovers exceeding Dh1 million annually will also be subject to corporate tax. Failure to register for corporate tax by the deadline could result in a Dh10,000 fine.
Corporate tax is a levy on the profit or income of corporations and businesses. The FTA is working to inform businesses about the importance of corporate tax compliance through awareness campaigns and workshops. The aim is to interact with all taxpayer categories and ensure smooth and accurate tax compliance. The FTA is conducting comprehensive campaigns to educate business stakeholders about corporate tax compliance requirements. The aim is to disseminate tax awareness broadly and interact with all categories of taxpayers to ensure compliance with tax regulations.
