Home Industry Finance UAE’s FTA starts pre-registration for corporate tax through EmaraTax, open to select firms The Federal Tax Authority said the early registration is open from January to May for certain categories of companies operating in the UAE by Gulf Business January 23, 2023 The UAE Federal Tax Authority (FTA) has opened early registration for corporate tax through EmaraTax, the country’s digital tax services platform. The step complements Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law), which stipulates that “Taxable Persons will become subject to Corporate Tax from the beginning of their first financial year”, which starts on or after June 1. Read: UAE issues corporate tax law The authority explained that early registration is open from January to May for certain categories of companies operating in the UAE. The first phase These selected companies will be receiving invitations from the authority by email and SMS, allowing them to register via the EmaraTax platform. Following this phase, the authority will announce at a later date when registration will be open for other companies and businesses. The authority will give enough time to companies and businesses to apply for registration and meet their legal obligations. When registration opens, priority will be given to companies and businesses that have a financial year starting on June 1, 2023. FTA intensifies efforts FTA director-general Khalid Ali Al Bustani said, “Since the announcement of corporate tax in the UAE, the Federal Tax Authority has intensified its efforts, in collaboration with the competent authorities, to develop procedures to implement it in accordance with the highest standards, and to ensure the efficiency, accuracy, and seamlessness of administrative procedures, in a way that will not impact business operations and flow. “The authority prioritises supporting all business sectors to comply with tax regulations and procedures through flexible mechanisms that align with international best practices. “The authority is committed to positioning itself as a partner and ally to business sectors, making dedicated efforts to safeguard their interests and support the national economy at the same time through balanced and transparent procedures that strengthen the UAE’s competitive environment.” Tags emaratax Federal Tax Authority finance June 1 UAE Corporate Tax Law 0 Comments You might also like Dubai sets up fund to oversee government investments Getting tax-ready: Navigating compliance in Saudi Arabia, GCC Mashreq to facilitate Dhs110bn in sustainable finance by 2030 Dubai Financial Market to launch pilot carbon credits programme at COP28