Dubai, March 25, 2024 - Significant changes in the procedure for registering tax numbers for corporations in the United Arab Emirates (UAE) came into effect on March 1, 2024. The Federal Tax Authority has issued Decision No. 3 of 2024, which sets out new deadlines and procedures for registration, in accordance with Federal Law No. 47 of 2022 on the taxation of corporations and businesses.
- All existing firms must submit an application for CTRN before May 31, 2024;
- All newly established firms from March 1, 2024, have three months from the date of establishment to apply for CTRN (detailed information in the attached document);
- A fine of 10,000 dirhams applies for failure to submit the application on time.
These changes affect both residents and non-residents, as well as individuals conducting business activities in the country. The new decision also takes into account various categories of corporations and establishes clear deadlines for submitting applications for tax registration.
The key points of the decision include:
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Definition of registration deadlines for residents: Resident legal entities must submit applications for registration in accordance with the table, taking into account the date of license issuance.
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Deadlines for non-residents: Non-resident legal entities are also required to submit registration applications according to the new deadlines, depending on the presence of a permanent establishment in the country or other factors.
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Registration procedure for individuals: Individuals conducting business in the UAE must also adhere to deadlines for submitting applications for tax registration based on their category and turnover.
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Administrative penalties for late registration: The decision also provides for administrative penalties for delays in submitting registration applications.
These changes will have a significant impact on businesses in the UAE, so companies and individuals conducting activities in the country should carefully review the new requirements and comply with the established deadlines.
According to the decision of the Federal Tax Authority, a legal entity that is a resident, registered, or otherwise established or recognized before the effective date of this Decision, must submit an application for tax registration according to the following table:
| Date of License issuance irrespective of the year of issuance | Deadline for submitting a Tax Registration application |
|---|---|
| January 1 - January 31 | May 31, 2024 |
| February 1 - February 28/29 | May 31, 2024 |
| March 1 - March 31 | June 30, 2024 |
| April 1 - April 30 | June 30, 2024 |
| May 1 - May 31 | July 31, 2024 |
| June 1 - June 30 | August 31, 2024 |
| July 1 - July 31 | September 30, 2024 |
| August 1 - August 31 | October 31, 2024 |
| September 1 - September 30 | October 31, 2024 |
| October 1 - October 31 | November 30, 2024 |
| November 1 - November 30 | November 30, 2024 |
| December 1 - December 31 | December 31, 2024 |
Crystal Tax, a company known for its multidisciplinary team of experts, reaffirms its commitment to clients by offering cutting-edge solutions in international business and asset protection. In light of the significant changes in the procedure for registering tax numbers for corporations in the United Arab Emirates (UAE), enacted as of March 1, 2024, Crystal Tax provides its clients with expert support
We guarantee a high level of professionalism and individual approach to each client. Contact us for expert support and maximum protection of your business in the UAE and beyond.