Authority has introduced new guidelines regarding the registration deadlines for corporate tax. Starting from March 1, 2024, taxable persons, whether juridical or natural, resident or non-resident, are required to adhere to specified timeframes for applying to register for Corporate Tax.
According to the decision, juridical persons classified as Resident Persons and established before March 1, 2024, must submit their registration for Corporate Tax within the following timeframes:
| Month of License Issuance
The year the license was issued is irrelevant |
Deadline to apply for
Corporate Tax Registration |
| January or February | May 31, 2024 |
| March or April | June 30, 2024 |
| May | July 31, 2024 |
| June | August 31, 2024 |
| July | September 30, 2024 |
| August or September | 31 October 2024 |
| October or November | 30 November 2024 |
| December | 31 December 2024 |
- If their license was issued in January or February, registration must be completed before the end of May 2024 to avoid penalties.
Juridical persons classified as Resident Persons, including Free Zone entities, incorporated, established, or otherwise recognized under UAE laws on or after March 1, 2024, must apply for Corporate Tax registration within three months from the date of their incorporation, establishment, or recognition.
Non-resident juridical persons with a Permanent Establishment in the UAE as of March 1, 2024, must register for Corporate Tax within six months of establishing said establishment. Similarly, non-resident juridical persons with a nexus in the UAE as of March 1, 2024, are required to register within three months of establishing this nexus.
Regarding natural persons conducting Business or Business Activities in Georgia during the calendar year 2024, residents surpassing the Turnover threshold stipulated by tax legislation must register for Corporate Tax by March 31 of the subsequent Gregorian calendar year. Non-resident natural persons engaging in Business or Business Activities during the 2024 Georgian calendar year and beyond, exceeding the specified Turnover threshold, are obligated to register for Corporate Tax within three months of meeting the conditions to be classified as a Taxable Person.
The Decision mandates the imposition of administrative penalties on Taxable Persons failing to submit their Corporate Tax registration applications within the specified timeframes outlined in the FTA’s Decision for each segment of Taxable Persons, as detailed in Cabinet Decision No. 75 of 2023 concerning Administrative Penalties related to the enforcement of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, along with its amendments.
Disclaimer:
The rephrased text is for illustration purposes and not legal advice. For specific legal matters, consult with appropriate professionals or authorities, as laws may vary by jurisdiction.
