Resident legal entities with issued licenses must register for corporate tax

According to Amac News: The organization said that this action is part of the FTA's ongoing efforts to encourage taxable persons’ subject to corporate taxes to comply with FTA Decision No. 3 in 2024 regarding the specified timing for the registration of taxable persons for corporate tax purposes. Federal Law No. 47 of 2022.
The FTA has warned that taxable persons who do not apply for corporate tax registration within the specified time frames will incur an administrative fine of Dh10,000.
The FTA urged taxpayers to adhere to the timeline outlined in FTA Decision No. 3 of 2024, which came into effect on March 1, 2024. About when they are required to submit their corporate tax registration applications. FTA decision includes legal and natural persons, both residents and non-residents.
According to the public clarification, legal entities that are resident persons established before March 1, 2024 must submit their tax registration application for corporate tax based on the month of issuance of the license. If the taxable person has a license that expires on March 1, 2024, the posting authority is still based on the month of its original license.
For those with multiple licenses, the deadline is determined by the license with the earliest issuance date. For legal entities incorporated or otherwise established or recognized on or after March 1, 2024, they must submit an application for tax registration within three months of the date of incorporation, incorporation or recognition.
Legal entities recognized under foreign law but effectively managed and controlled in the UAE must apply for tax registration within three months of the end of their financial year.