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Penalties for Late Registration Corporate Tax
Penalties for Late Registration Corporate Tax Attention all businesses in the UAE! A new cabinet decision has been made that will impact your bottom line. Effective March 1st, a penalty of AED 10,000 will be imposed for late registration of your corporate tax. Don’t let this hefty fine weigh down your success – ensure you register on time and stay in compliance with the law. Stay ahead of the game and keep your business thriving!
We are thrilled to provide you with some important updates regarding the registration of taxable persons for corporate tax purposes. Specifically, we wanted to remind our valued resident juridical persons (including our beloved free zone persons) that the deadline for registration is fast approaching.
Penalties for Late Registration Corporate Tax To be specific, any of our esteemed peers who were incorporated, established, or recognized before March 1, 2024, must ensure they have completed the registration process in a timely and efficient manner. We understand that tax matters can be complex and time-consuming, but rest assured that our team is here to offer guidance and support every step of the way.
Timeline for the Tax Registration of Resident Juridical Persons:
Penalties for Late Registration Corporate Tax Juridical persons that a redient person, incorporated or otherwise established or recognized prior to the effective date of this decision, shall submit the tax registration application. You’re required to submit your tax registration application in accordance with the following table:
Date of License Issuance and the Deadline of Tax Registration Application:
| Date of License issuance irrespective of years of issuance | Deadline for submitting a tax registration Application |
| 1 January – 31 January | 31 May 2024 |
| 1 Feb – 29/29 Feb | 31 May 2024 |
| 1 March – 31 March | 30 June 2024 |
| 1 April – 30 April | 30 June 2024 |
| 1 May – 31 May | 31 July 2024 |
| 1 June – 30 June | 31 August 2024 |
| 1 July – 31 July | 30 September 2024 |
| 1 August – 31 August | 31 October 2024 |
| 1 September – 30 September | 31 October 2024 |
| 1 October – 31 October | 30 November 2024 |
| 1 November – 30 November | 31 December 2024 |
| 1 December – 31 December | 31 December 2024 |
| Where the person does not have a license at the effective date of this Decision. | (3) months from the effective date of this Decision. |
A juridical Person that is a resident person incorporated or otherwise established or recognized on or after the effective date of this Decision, shall submit a Tax Registration application, in accordance with the following table:
| Category of Juridical Persons | Deadline for submitting a Tax Registration Application |
| A person that is incorporated or otherwise established or recognised under the applicable legislation in the state, including a Freezone Person | (3) three months from the date of incorporation establishment or recognition |
| A person that is incorporated or otherwise established or recognized under the applicable legislation of a foreign jurisdiction that is effectively managed and controlled in the state | (3) three months for the end of the financial year of the person |
Timeline for the Tax Registration of Non-Resident Juridical Persons
Non-resident persons submit their Tax Registration application prior to the effective date of this decision. Please refer to the following table for guidance on the necessary steps to take.
| Category of Juridical Persons | Deadline for submitting a Tax Registration Application |
| A person who has a nexus in the state | (9) months from the date of existence of the permanent establishment |
| A person that has a nexus in the state | (3) three months from the effective date of this decision |
Non-resident persons on or after the effective date of the Decision. Follow the Following table:
| Category of Juridical Persons | Deadline for submitting a Tax Registration Application |
| A person who has a nexus in the state | (6) six months from the date of existence of the permanent establishment |
| A person that has a nexus in the state | (3) three months from the date of establishment of the nexus |
Timeline for Tax Registration of Natural Persons
| Category of Natural Persons | Deadline for submitting a Tax Registration Application |
| Resident persons who are conducting a business or business activity during the 2024 Georgian calendar year or subsequent years whose total turnover derived in a Georgian calendar years exceeds the threshold specified in the relevant tax legislation | 31 March of the subsequent Georgian Calender |
| A Non – Resident persons who are conducting a business or business activity during the 2024 Georgian calendar year or subsequent years whose total turnover derived in a Georgian calendar years exceeds the threshold specified in the relevant tax legislation | (3) three months from the date of meeting the requirements of being subject to tax |
Fine announcement for Late Registration Corporate Tax
Where a person fails to submit a tax registration application as per the timelines stated above, Administrative penalties shall be applied in accordance with Cabinet Decision
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