UAE’s corporate tax deadline: What you need to know

The UAE’s Federal Tax Authority (FTA) has called upon all individuals subject to corporate tax to submit their tax registration applications no later than the end of March 2025.

Failure to do so will result in violating tax regulations and incurring the associated administrative penalties, a WAM report stated.

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The FTA clarified that any individual conducting a business or business-like activity in the UAE during 2024 or subsequent years, with a turnover of Dhs1 million by July 31, 2024, will be required to pay the tax. These individuals must register for corporate tax no later than March 31, 2025.

Who is eligible to pay corporate tax in the UAE?

Individuals running a business or engaged in business activities in the UAE, including those involved in sole proprietorships and individual partners in joint ventures, are obligated to pay corporate tax. The authority indicated that the first possible tax period for individuals conducting business or business activities is the calendar year 2024.

They must also submit corporate tax returns no later than September 30, 2025. Failure to submit a tax registration application by the applicable deadline will result in an administrative penalty of Dhs10,000.

Tax registration process

The FTA clarified that VAT or Excise Tax registrants can access their accounts directly through EmiraTax, the digital tax services provider operating 24 hours a day. Once the registration application for corporate tax is completed and approved, a registration number will be issued for corporate tax purposes.