“Federal Tax Authority Opens Registration for Corporate Tax System on Emirates Tax Platform”

ABU DHABI, 14th May / WAM / The Federal Tax Authority announced the opening of registration for the corporate tax system through the “Emirates Tax” platform for digital tax services for public joint-stock companies and private companies, starting tomorrow, May 15, 2023, in line with Federal Decree-Law No. (47). ) for the year 2022 regarding corporate and business tax (corporate tax law), which stipulates that taxpayers will be charged corporate tax starting from the beginning of the first fiscal year starting on or after June 1, 2023, so those subject to tax must register and obtain a number Tax registration for corporate tax purposes.

The Authority called on all taxpayers from public joint-stock companies and private companies residing in the United Arab Emirates for corporate tax purposes to apply for registration with the Federal Tax Authority, explaining that this will not include persons residing in free zones who will be able to register for corporate tax purposes at a later stage. Opening the door to registration for corporate tax for other categories of taxable persons, such as natural persons who carry out business or business activity in the country, according to what will be determined by a decision of the Council of Ministers, at a later time. She indicated that early registration will allow companies and businesses sufficient time to comply with their legal obligations.

It should be noted that at present, the registration process for corporate tax will be available only to individual legal entities, so that legal entities that wish to form a tax group will have to register individually first, and then at a later date they will be able to apply to form a tax group.