Dubai May 16, 2023:

The Federal Tax Authority (FTA) has launched registration for Corporate Tax (CT) through the EmaraTax digital tax services platform for Public Joint Stock Companies and Private Companies from 15 May 2023, in line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, which stipulates that Taxable Persons will become subject to Corporate Tax from the beginning of their first financial year that starts on or after 1 June 2023. Therefore, Taxable Persons must register and obtain a Tax Registration Number for Corporate Tax purposes.

The FTA invited all Taxable Persons that are Public Joint Stock Companies and Private Companies resident in the UAE for CT purposes to register with the FTA. Kindly note 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 CT registration will allow ample time for companies and businesses to comply with their legal obligations.

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