The Federal Tax Authority (FTA) has issued an urgent reminder to natural persons (individuals) conducting business activities in the UAE to register for Corporate Tax before the deadline of March 31, 2025. This applies to individuals whose business turnover exceeds AED 1 million in the 2024 calendar year, or any subsequent year.
The FTA is emphasizing the importance of timely registration to avoid incurring a late registration penalty of AED 10,000. This call to action underscores the FTA’s commitment to ensuring compliance with the UAE’s Corporate Tax regime, which came into effect on June 1, 2023.
- Deadline: March 31, 2025
- Who needs to register: Individuals with business turnover exceeding AED 1 million in a calendar year
- Penalty for late registration: AED 10,000
- How to register: Through the EmaraTax platform or Tas’heel Centers
The FTA is encouraging all eligible individuals to familiarize themselves with the Corporate Tax regulations and complete their registration well in advance of the deadline. This proactive approach will allow businesses to smoothly integrate into the new tax system and avoid any last-minute complications.
- Source: Click Here
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