The registration for UAE Corporate Tax has been started on May 15th, Monday through the EmaraTax platform.
The UAE’s Federal Tax Authority (FTA) has started registration for corporate tax through the EmaraTax digital tax services platform for public joint stock companies and private firms from Monday, May 15, 2023.
Under the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, PJSCs and private firms will be subject to a nine per cent corporate tax from the beginning of their first financial year that starts on or after June 1, 2023. Therefore, they must register and obtain a tax registration number for corporate tax purposes.
In line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law”), which stipulates that Taxable Persons will become subject to Corporate Tax from the beginning of their first financial year that starts on or after 1st June 2023.
Therefore, Taxable Persons must register and obtain a Tax Registration Number for Corporate Tax purposes.
UAE Corporate Tax Registration
The FTA invited all Taxable Persons that are Public Joint Stock Companies and Private Companies resident in the UAE for Corporate Tax purposes to register with the FTA, noting that this will not cover Free Zone Persons for whom Corporate Tax Registration will be made available at a later stage.
Similarly, Corporate Tax registration for other categories of Taxable Persons, such as natural persons conducting Business or Business Activity as to be specified by a Cabinet Decision, will open at a later date.
The Authority explained that early Corporate Tax registration will allow ample time for companies and businesses to comply with their legal obligations.
For the time being, the Corporate Tax registration process will be available to individual legal entities only.
Entities that would like to form a Corporate Tax Group are required to register individually first, and then, at a later date, will be able to apply to form a Corporate Tax Group.
The UAE Ministry of Finance has also issued a guide explaining all aspects of the upcoming Corporate Tax in the country.
The guide aims to explain all aspects of the taxation guidelines and explains every single article in the law. Click here to download the Corporate Tax Guide issued by the UAE Ministry of Finance.
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