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 the new VAT rules for precious metals and jewellery?

Every VAT-registered business that buys or sells precious metals, stones, or jewellery in the UAE must follow these rules.

What does the reverse charge mechanism mean for companies?

It means the buyer reports and pays VAT, not the seller, making trade easier and stopping VAT fraud.

What's the first step for a business after these law changes?

The first step is to check your contracts, teach your team about new rules, update your systems, and talk to Mubarak Al Ketbi Chartered Accountants for expert guidance.