Government

The Federal Tax Authority (FTA) held a new awareness workshop in Dubai to emphasize the importance of corporate tax compliance. His Excellency Khalid Ali Al Bustani, Director General of the FTA, underscored the need for Taxable Persons subject to Corporate Tax to submit their registration applications within the specified timeframes as outlined in FTA Decision No. 3 of 2024, effective from March 1, 2024.

Al Bustani highlighted that Taxable Persons with licenses issued in January and February (regardless of the issuance year) and juridical persons without a license on March 1, 2024, must submit their Corporate Tax registration applications by May 31, 2024. Additionally, resident juridical persons with licenses issued in March and April (regardless of the year of issuance) must submit their applications by June 30, 2024.

This announcement was made during the opening of the FTA's new awareness workshop, part of the second phase of a comprehensive campaign to educate business sectors and stakeholders about Corporate Tax compliance. The workshop, which saw a record participation of 842 stakeholders, including 52 senior officials from public and private entities, is a testament to the FTA's commitment to enhancing tax knowledge and enabling voluntary compliance.

"The FTA is intensifying its efforts to increase direct communication with business sectors and tax stakeholders across the emirates," said Al Bustani. He added that these efforts include in-person and virtual workshops, as well as engagements with economic councils and business assemblies in commercial and industrial areas.

Al Bustani also emphasized the FTA's specific timeframes for submitting Corporate Tax registration applications, which have been widely announced across media channels and directly communicated to business sectors. This initiative is part of the FTA’s ongoing efforts to strengthen strategic partnerships with Taxable Persons and facilitate smooth and accurate tax compliance.

The workshop provided a comprehensive overview of the Corporate Tax Law, covering topics such as identifying Taxable Persons, Taxable Income, Permanent Establishments of Non-Resident Persons, conditions for forming a Tax Group, Tax Loss relief, Business Restructuring Relief, and Transitional Rules. Standards for applying Corporate Tax in Free Zones were also clarified, along with conditions for considering Free Zone Persons as Qualifying Free Zone Persons eligible for the 0% Corporate Tax rate.

The FTA also explained the steps for Corporate Tax registration via the "EmaraTax" digital tax services platform, available 24/7. Registration can be completed on the platform within minutes through easy and clear steps, and assistance from certified tax agents listed on the FTA’s website is available if needed. Additionally, the FTA has expanded the channels for submitting Corporate Tax registration applications through government service centers across the UAE.

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