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corporate tax update 2024 UAE, corporate tax 2024 penalty, Maats accountants

Timeline for Submitting Corporate Tax registration application for business in the UAE

All Taxable Person shall apply for Corporate Tax Registration in accordance with the timelines prescribed by the federal tax authority which are as follows.

  • Timeline for Resident Juridical Persons (Existing licensees incorporated before 01st March 2024)

Where a juridical person has more than one License, the License with the earliest issuance date shall be used.

  • New Licensees incorporated after 01st March 2024
  • Non residents juridical persons (existing) before 01stMarch 2024
  • Non residents juridical persons (existing) before 01stMarch 2024

 

  • Natural person (including sole establishment)
  • Penalty for Late Registration

Where a Persons fail to submit a Tax Registration application as per the timelines stated above, Administrative Penalties shall be applied in accordance with Cabinet Decision No. 75 of 2023 referred to above, which is AED 10,000

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