"Federal Taxes" Call to register in corporate tax before the end of March

Abu Dhabi, March 9 / WAM / The Federal Tax Authority emphasized renewed the necessity of speeding up normal persons subject to corporate tax by submitting registration requests for corporate tax before the end of this month to avoid violating tax legislation and exposure to their administrative fines.
The commission stressed in a statement today that if a natural person performs business or business activity in the country during a Gregorian year, or subsequent years, and his total revenue in that calendar year exceeds one million dirhams, this natural person is subject to tax and must register for the purposes of corporate tax no later than March 31 of the Gregorian year subsequently for the year in which his total revenue exceeds one million dirhams and must comply Obligations related to corporate tax.
She explained that the “natural person” means a person, whoever is his age, whether he is residing in the state or anywhere else, and is subject to corporate tax to the extent that he practices business or business activity in the state, and this includes individual facilities and individual partners in the joint coalitions who practice business or business activity in the state.
The authority pointed out that the first possible tax period for the natural person who practices business or business activity is the Gregorian year 2024, explaining that for example if a natural person performs business or business activity in the country during the Gregorian year 2024, and his revenues exceeded one million dirhams on July 31, 2024, he will have to submit an application for registration for corporate tax purposes no later than March 31, 2025, and thus he will have to submit the corporate tax. A maximum of September 30, 2025, and in the event that the natural person who must register for the purposes of corporate tax does not submit the tax registration request during the specified period, he will impose an administrative fine of 10 thousand dirhams.
With regard to the registration procedures, the authority explained that the registrar for value -added tax or selective tax can enter directly to his account via the “Emirates Tax” platform, which provides digital tax services around the clock, then complete the registration request for corporate tax so that after approval of the registration request, a registration number for corporate tax purposes.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and