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FTA:

Legal entities must register for corporate tax

news agency wam , 3 Jul 2024 - 20:13

The Federal Tax Agency (FTA) has announced that resident legal entities with permits issued in May must submit their corporate tax registration applications by July 31, 2024.


According to Amac News: This organization has said that the deadlines for submitting the application for registration of corporate taxpayers include legal and natural persons, both residents and non-residents.
FTA stressed the importance of taxpayers adhering to the registration deadlines specified for each category. FTA notes that compliance with these deadlines is necessary to avoid the corresponding administrative penalties.
FTA regarding the registration deadline for taxable persons for corporate tax, a resident legal entity, which was formed or otherwise established or recognized before March 1, 2024, must submit its tax registration applications for corporate tax on a month-by-month basis. Provide licensing.
Legal entities that have a license that expires on March 1, 2024 must submit their tax registration application based on the month of initial license issuance. If a legal entity holds more than one license on March 1, 2024, the license with the earliest issuance date will be used.
The FTA has also stressed the importance of providing accurate information and correct submission of updated supporting documents along with the e-registration application, noting that corporate tax registration for a legal entity requires uploading various documents including business license, UAE ID card, passport Is.
 


Story Code: 925

News Link :
https://www.amacnews.com/en/news/925/legal-entities-must-register-for-corporate-tax

AMAC
  https://www.amacnews.com