ABU DHABI: The UAE Federal Tax Authority (FTA) has announced that the entities that received licenses in the country in the month of June must submit their corporate tax registration applications by August 31, 2024. This notification has been to the Federal Tax Authority reported by the Emirates News Agency.
The Federal Tax Authority has warned that all organizations that received their license in the month of June, regardless of the year in which license was granted, must submit the tax registration applications their corporation to submit before August 31, 2024. The Federal Tax Authority has announced that a fine of 10,000 dirhams will be imposed on those who do not fulfill these measures.
Corporate tax registration must be completed on time according to Federal Tax Authority Decision ‘3/ 2024’ effective March 1, 2024. The Federal Tax Authority has indicated that the completion of corporate tax registration is timely important to avoid deficiencies in tax-related laws.
The UAE has issued a new announcement regarding corporate tax registration, outlining updated requirements and procedures for businesses operating in the region. This announcement is part of the UAE’s wider tax reforms aimed at increasing transparency, compliance and business efficiency. Key items include registration deadlines, documentation requirements, and the process for obtaining a corporation tax identification number. The update aims to streamline tax administration and ensure that businesses comply with the new corporate tax rules effectively. Companies are encouraged to review the notice in detail and begin their registration process to comply with the UAE’s regulatory standards.
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2024-08-05 18:18:21
