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).