FTA to UAE businesses: Register for corporate tax by March 2025 to avoid fines
Submit your Corporate Tax return by September 30, 2025 to avoid penalty of Dh10,000.
Abu Dhabi: The UAE’s Federal Tax Authority (FTA) has reminded all individual business owners and self-employed professionals to register for Corporate Tax by the end of March 2025 to avoid fines.
The FTA refers to those who need to register as 'natural persons'. i.e. any individual, whether living in the UAE or abroad, who is running a business or engaging in business activities in the UAE. This includes freelancers, sole proprietors, and individual partners in joint ventures.
Corporate Tax, a tax on the profits made from business activities, is incurred in the UAE if your total revenue from business activities in 2024 or later exceeds Dh1 million in a calendar year. This is when you must register for Corporate Tax.
Important Dates:
Register for Corporate Tax by March 31, 2025 if you or your business makes over Dh1 million in revenue by July 31, 2024.
Submit your Corporate Tax return by September 30, 2025.
Consequences of missing the deadline? If you don’t register by the deadline, you could face an administrative penalty of Dh10,000.
How to register?
If you are already registered for VAT or Excise Tax, you can access your account on EmiraTax, the UAE’s digital tax service platform, which is available 24/7. Once your Corporate Tax registration is approved, you will receive a corporate tax registration number.
Bottom Line:
Business owners who meet the criteria must act quickly to ensure compliance and avoid penalties. If you are unsure whether you need to register, consult a tax professional or visit the FTA’s official website for guidance.
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