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.

Who must follow these UAE anti-money laundering rules?

All DNFBPs—like auditors, real estate agents, service companies, and gold dealers—must follow these rules.

What’s the fine for working with a fake bank or using fake names?

The penalty can be as high as AED 1,000,000 for these actions.

How long must businesses keep their client and transaction records?

They must keep all records for at least five years after the end of the business relationship.

Why is staff training on financial crime so important?

Trained staff can spot and report crimes early, which helps the company avoid heavy fines and keeps everyone safe.

Can Mubarak Al Ketbi (MAK) Auditing help my business follow these rules?

Yes! Mubarak Al Ketbi (MAK) Auditing gives expert advice, reviews your records, and helps with compliance so you stay safe from penalties.