Corporate Tax – UAE Don’t forget to register!

Deadline for Corporate Tax Registration

The deadlines for corporate tax registrations have been established by the UAE Federal Tax Authority, and taxable individuals are strongly encouraged to complete timely registration to prevent any violations of tax laws.

The Federal Tax Authority of the UAE has issued Decision No. 3 of 2024, which outlines the timeline for the registration of taxable persons for corporate tax. This decision is in accordance with the provisions of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its subsequent amendments.

What types of payments go to FTA?

FTA collects VAT due, penalties for late filing, and fines for breaking tax rules.

Can I pay FTA with a credit card?

Yes, you can pay with a credit card, but it adds a 2-3% charge to your total.

What’s a GIBAN in the FTA payment process?

GIBAN is a special IBAN number the FTA assigns to each taxpayer for local and international transfers.

How long does it take for my FTA payment to show in the portal?

Local transfers take up to 24 hours, while international transfers may take 3-4 days.

How does Mubarak Al Ketbi (MAK) Auditing help with FTA payments?

Mubarak Al Ketbi (MAK) Auditing gives you tax advice, helps prepare returns, checks payments, and speaks with FTA if needed.