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TME Services

Urgent Reminder: Submit Corporate Income Tax Registration to Avoid Penalties5 min read

Author: Uwe Hohmann
Managing Partner, MBA Tax Law / Commercial- & Tax Consultant

The Federal Tax Authority (FTA) has issued a reminder for all persons with Corporate Tax licenses granted in January and February to ensure their Corporate Tax registration application is submitted by 31.05. 2024, to avoid penalties.

The FTA reiterated the importance of registering for Corporate Income Tax. Failure to submit the registration application within the specified timeframe will result in administrative penalties, as outlined in the FTA’s guidelines for each category of Corporate Tax registrants.

Additionally, the Ministry of Finance has confirmed that missing the final registration date will incur an administrative penalty of AED 10,000 (approximately USD 2,700).

How TME Services Can Support Your Business

At TME Services, we understand that tax regulations can be challenging, and our team is here to assist you with your Corporate Income Tax registration.

With over 18 years of experience in the UAE and the Middle East, we specialize in legal, tax, accounting, and compliance matters. Visit our services page to learn more about everything we do.


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