UAE corporate tax: FTA opens registration for public stock and private companies

The Federal Tax Authority (FTA) opened registration for corporate tax (CT) through the EmaraTax digital tax services platform for public joint stock companies and private companies on May 15.

Taxable persons can now register and obtain a tax registration number for CT purposes.

This is in line with Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), which stipulates that taxable persons will become subject to CT from the beginning of their first financial year that starts on or after June 1, 2023.

In January, the authority announced early registration for certain categories of companies operating in the UAE, which was open from January to May.

Read: UAE’s FTA starts pre-registration for corporate tax through EmaraTax, open to select firms

An E-Service Card for CT registration is available on the authority’s website.

Corporate tax registration

The authority invited all taxable persons that are public joint stock companies and private companies resident in the UAE for corporate tax purposes to register with the FTA, noting that this will not cover free zone persons for whom CT registration will be made available at a later stage.

Similarly, CT registration for other categories of taxable persons, such as natural persons conducting business or business activity as to be specified by a cabinet decision, will open at a later date.

The authority explained that early registration will allow enough time for companies and businesses to comply with their legal obligations.

For the time being, the corporate tax registration process will be available to individual legal entities only. Entities that would like to form a CT group are required to register individually first, and then, at a later date, to form a group.

To register for corporate tax, visit the authority’s corporate tax registration portal.

In other news, in April, The UAE Ministry of Finance released details of public and private sector organisations that are exempted from tax registration for the new corporate tax.

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