TME LEGAL | DUBAI – RECHT KLAR

Youtube Instagram Linkedin

Urgent Reminder: Submit Corporate Income Tax Registration to Avoid Penalties

Urgent Reminder: Submit Corporate Income Tax Registration to Avoid Penalties


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).

Share:

More Posts

Judicial Shift in UAE Labour Law – Limitation Period for Annual Leave Claims

A recent judgment by the Abu Dhabi Court of Cassation (Case No. 73/2024) marks a notable departure from previous case law by ruling that the limitation period for claiming accrued leave entitlements does not automatically commence at the end of each year of service. Rather, the burden is on the employer to prove that the employee either took the leave or forfeited it with knowledge of the consequences. This decision significantly impacts leave management practices in the UAE and underscores the importance of accurate recordkeeping and timely enforcement of internal HR policies. For employers, the case serves as a strong reminder to proactively monitor and document annual leave usage.

Author