As per the recent changes, taxation in the UAE commenced when the corporate tax was affected from June 1, 2023; here, there is taxation for all business people. The Federal Tax Authority has provided some new procedures and policies while dealing with the corporate tax in UAE. Moreover, the FTA has also revised the registration time for Feb 2024, and the guide has a summary of the UAE Corporate Tax timeline in UE and registration date, which should also be noticed by business entities established in the UAE. Farahat & Co, a corporate tax consultant Dubai, is among the professional companies among the existing tax consulting firms that can be used so that you can be in a position to adhere to the current corporate tax laws.
Corporate tax timeline in UAE: a detailed explanation
There are two types of timelines that are to be followed. One is related to registration, and the other one is related to filing corporate tax returns. Let us understand them in detail below: –
- corporate tax timeline in UAE for registration
The Federal Tax Authority issued a new decision on timeframes for corporate tax registration on February 28, 2024. According to the Decision, a juridical entity that was incorporated, established, or otherwise acknowledged as a Resident Person before March 1, 2024, needs to apply to register for Corporate Tax within
| Month of License Issuance
The year the license was issued is irrelevant |
Deadline to apply for Corporate Tax Registration |
| January or February | May 31, 2024 |
| March or April | June 30, 2024 |
| May | July 31, 2024 |
| June | August 31, 2024 |
| July | September 30, 2024 |
| August or September | 31 October 2024 |
| October or November | 30 November 2024 |
| December | 31 December 2024 |
A juridical person must seek to register within three months, or by May 31, 2024, if they still need to get a license by the Decision’s effective date of March 1, 2024. In the meantime, the maximum amount of time to file the Corporate Tax registration application depends on the license that was previously issued if the juridical person is in possession of numerous permits.
A juridical person that is a Resident Person under the applicable laws in the United Arab Emirates on or after March 1, 2024, including Free Zone Persons, must apply to register for Corporate Tax within three months of the date of incorporation, establishment, or recognition.
If you wish to understand the applicable dates for your business and have any queries related to residential or non-residential persons, you must contact the corporate tax consultant Dubai.
- B) corporate tax timeline in UAE for corporate tax return filings
The main dates for filing corporate tax have been quite lenient. The companies have an ample amount of time, i.e., almost nine months, to file their corporate tax returns. The different deadlines are mentioned below based on their financial year.
The following three conditions and the applicable timelines are there:
| Sno. | Financial Year | Taxation period applicable | Last date to file the return |
| 1. | June 1, 2023 to May 31, 2024 | June 1, 2023 to May 31, 2024 | 28th Feb 2025 |
| 2. | January 1st 2024 to December 31st 2024 | Jan 1st 2024 to December 31st 2024 | 30th Sep 2025 |
| 3. | 1st Apr 2024 to 31st Mar 2025 | 1st Apr 2024 to 31st Mar 2025 | 31st December 2025 |
Late payment consequences in case of corporate tax filing in the UAE
In the United Arab Emirates, there are penalties applicable if you miss out on the deadlines mentioned above. In the case of corporate tax, late payment penalties are calculated using the following formula:
- In the first month of the delay, a predefined penalty is imposed; this penalty usually takes the form of a percentage of the entire amount of unpaid taxes.
- Every additional month of delay is charged at a predetermined penalty.
- Interest is assessed on the amount of late taxes from the date of the due date until the entire tax payment is made.
Farahat & Co., Corporate Tax Consultant Dubai, enables you to adhere to corporate tax timeline in UAE
This is the first step in the right direction towards compliance with the international tax system and revenue generation through corporate tax services in the UAE. Hence, the UAE’s relatively low tax and focus on tax havens clearly demonstrate its enshrinement of economic development and corporate integrity. This unique approach of taxing creates financial consciousness among people, distributes revenues properly, and eases the operations of organizations.
Thanks to the Tax Consultant Dubai available with Far Consultant Middle East the way your business is sailing through this new terrain will be smooth. We have a team of experts who understand all the details of UAE corporate tax and provide absolute compliance solutions. Our primary objective is to maintain the deadlines for filings, to exclude fines’ usage, and to improve your taxation situation by means of records control and correct tax planning. In this area, we do our best to solve the problems connected with a new tax environment to ensure compliance and rational financial use. Partner with Tax Consultants Dubai and navigate the UAE’s corporate tax laws with confidence.