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.

Why do companies need accounting for decision-making?

Companies use accounting to get accurate info about their finances. This info helps managers make smart choices for the future.

How does accounting help with budgeting?

Accounting tracks income and expenses, so businesses can set realistic budgets and stick to them.

Can accounting help a business avoid penalties?

Yes! Good accounting makes sure a business follows all rules, so it avoids fines and legal problems.

What’s the link between accounting and auditing?

Accounting creates detailed records. These records make auditing easy and quick, saving time and money.

Does Mubarak Al Ketbi (MAK) Auditing offer accounting and planning services?

Yes! Mubarak Al Ketbi (MAK) Auditing gives professional accounting, planning, and audit services for businesses in the UAE.