NEW UAE Corporate Tax Deadline Announced - May 2024

A new UAE Corporate Tax deadline has been announced by the Federal Tax Authority (FTA). The FTA has published Decision No. 3 of 2024 setting out the timelines within which taxable persons need to submit their corporate tax registration application.

The deadline will depend on the date the resident UAE entity was issued its license.

For example, entities with a license issued between 1 January - 31 January will need to submit their application by 31 May 2024.

Businesses should consider this update carefully so they are ready to meet the relevant deadlines and avoid late registration as penalties of AED 10,000 will apply.

How can we assist?

Every UAE company, irrespective of its taxability status, needs to register as soon as possible.

We can assist with corporate tax registration and filing and accompanying accounting and bookkeeping services to ensure your books are up-to-date and remain compliant with UAE corporate tax laws.

The UAE CT regime for Freezone companies is not straightforward. Every Freezone company is not fully exempt from UAE CT. If you have a UAE Freezone company and would like clarity on the applicability of UAE CT, please reach out to us.

If you require any assistance with Corporate Tax requirements for your business in the UAE, then call +971 (0)4 270 3400 (Dubai) or +971 (0)2 448 5120 (Abu Dhabi), or email [email protected] the team would be delighted to assist you.