UAE Corporate Income Tax Registration Deadline Approaches: What Natural Persons Need to Know6 min read
- 29.01.2025
- Posted by: Malavika Kolera
- Categories: Dubai, Tax
The Federal Tax Authority (FTA) has issued an important reminder for individuals conducting business in the UAE: Register for Corporate Income Tax by 31.03.2025, or face penalties. If you’re running a business as a natural person in the UAE, here’s what you need to understand about this crucial deadline.
Who Needs to Register?
You need to register for Corporate Income Tax if you are:
- An individual (natural person) conducting business in the UAE
- Running a sole establishment
- A partner in an unincorporated partnership
- Generating revenue exceeding AED 1,000,000 in a calendar year
Understanding the Timeline
The first tax period affects businesses operating in 2024. Let’s break this down with a practical example: If your business revenue surpassed AED 1 million by July 2024, you must:
- Register for Corporate Income Tax by 31.03.2025
- Submit your Corporate Income Tax Return by 30.09.2025
Financial Implications of Non-Compliance
Missing the registration deadline isn’t just about falling behind on paperwork – it comes with a significant financial cost. The FTA has set an administrative penalty of AED 10,000 for failing to register by the deadline.
Taking Action: What You Should Do Now
If you’re approaching or have exceeded the AED 1,000,000 threshold, start preparing your registration now. The FTA has provided comprehensive resources, including:
- A dedicated guide for natural persons (CTGRNP1)
- Detailed implementing decisions
- Public clarifications
- Various awareness publications
Simplifying Your Tax Compliance Journey
At TME Services, we understand that navigating new tax requirements can be challenging. Our team of tax experts can:
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Assess your Corporate Income Tax obligations
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Handle your registration process
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Ensure compliance with all FTA requirements
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Prepare and submit your tax returns
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Help you avoid costly penalties
TME Services - Your Complete Business Partner
Whether you’re a freelancer, sole proprietor, or business partner, understanding and complying with these requirements is crucial for your business’s success.
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