Category:
Tax
In a significant move aimed at streamlining tax procedures and ensuring compliance with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, the Federal Tax Authority (FTA) has issued Decision No. 3 of 2024. This decision, effective from March 1, 2024, outlines crucial timelines and requirements for the registration of taxable persons for corporate tax purposes.
The words and expressions contained in this Decision shall have the same meaning assigned against each in the Federal-Decree Law No. 47 of 2022 referred to above, unless the context otherwise requires.
Article 2– Registration of Persons for Corporate Tax PurposesFor the purposes of Clause 1 of Article 51 of the Federal Decree-Law No. 47 of 2022 referred to above, any Taxable Person shall submit an application for Tax Registration in accordance with the timelines prescribed in Articles 3, 4 and 5 of this Decision.
Article 3– Timeline for the Tax Registration of Resident Juridical Persons1. A juridical person that is a Resident Person, incorporated or otherwise established or recognised prior to the effective date of this Decision, shall submit the Tax Registration application, in accordance with the following table:
2. For the purposes of Clause 1 of this Article, where a juridical person has more than one Licence, the Licence with the earliest issuance date shall be used.
3. A juridical person that is a Resident Person incorporated or otherwise established or recognised on or after the effective date of this Decision, shall submit a Tax Registration application, in accordance with the following table:
1. A juridical person, that is a Non-Resident Person prior to the effective date of this Decision, shall submit a Tax Registration application in accordance with the following table:
2. A juridical person, that is a Non-Resident Person on or after the effective date of this Decision, shall submit a Tax Registration application in accordance with the following table:
A natural person conducting a Business or Business Activity in the State shall submit a Tax Registration application in accordance with the following table:
Where Persons referred to in Articles 3, 4 and 5 of this Decision fail to submit a Tax Registration application as per the timelines stated above, Administrative Penalties shall be applied in accordance with Cabinet Decision No. 75 of 2023 referred to above.
Article 4– Abrogation of Conflicting Provisions All provisions contrary to or inconsistent with the provisions of this Decision shall be abrogated. Article 4– Publication and Application of this Decision This Decision shall be published in the Official Gazette and shall come into effect as of 1 March 2024.