The Cabinet Decision No.10 of 2024, which came into effect on March 1, 2024, has been announced. The Federal Tax Authority (FTA) has outlined important dates for corporate tax registration, and it’s crucial to act swiftly. If you miss the deadline, you could be facing an AED 10,000 ($2700.00) fine.
The first deadline for juridical persons is May 31, 2024. This is part of the new tax rules from the FTA, reflecting the Corporate Taxation Law that kicked in last June, affecting all financial periods starting from then.
For any businesses commenced before March 1, 2024, you need to register for corporate tax by the dates mentioned below. And if you’re a new business by March 1, 2024, you have three months to register.
| Month of Licence issuance irrespective of year of issuance | Deadline to apply for Corporate Tax Registration |
|---|---|
| 1 January – 31 January | 31 May 2024 |
| 1 February – 28/29 February | 31 May 2024 |
| 1 March – 31 March | 30 June 2024 |
| 1 April – 30 April | 30 June 2024 |
| 1 May – 31 May | 31 July 2024 |
| 1 June – 30 June | 31 August 2024 |
| 1 July – 31 July | 30 September 2024 |
| 1 August – 31 August | 31 October 2024 |
| 1 September – 30 September | 31 October 2024 |
| 1 October – 31 October | 30 November 2024 |
| 1 November – 30 November | 30 November 2024 |
| 1 December – 31 December | 31 December 2024 |
Ready for Tax Success?
IMC is your go-to expert for Corporate Tax in the U.A.E. We’re dedicated to assisting you in keeping up with tax regulations so you can focus on growing your business. IMC Group believes in empowering businesses with the knowledge and tools they need for complete tax compliance.
Trust us to guide you through these changes with ease and confidence.
Remember, it’s not just about avoiding fines – it’s about ensuring your business thrives under the new tax laws. Let IMC help you get there.
