UAE corporate tax: Public joint stock companies, and private firms can register from May 15

Abu Dhabi: Public joint stock companies and private firms in the UAE will be able to register for corporate tax from May 15, 2023, the Federal Tax Authority (FTA) said on Sunday.

The will be able to register via the EmaraTax digital tax services platform.

Inviting all taxable persons that are PJSCs and private companies resident in the UAE, the FTA noted that the move will not cover free zone persons, for whom corporate tax registration will be made available at a later stage.

This is in line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), which stipulates that taxable persons will become subject to corporate tax from the beginning of their first financial year that starts on or after June 1, 2023.

For the time being, the corporate tax registration process will be available to individual legal entities only. Entities that would like to form a Corporate Tax Group are required to register individually first, and then, at a later date, will be able to apply to form a Corporate Tax Group.