Dubai Corporate Tax Registration: New Deadlines and Requirements

Jaxa Chartered Accountants22 Mar, 2024Finance

New regulations require companies to register for Corporate Tax. The Federal Tax Authority (FTA) announced Decision No. 3 of 2024 on February 22nd to ensure timely registration, aligning with Cabinet Decision No. 10 of 2024. Failing to register by March 1, 2024 can result in a penalty of 10,000 AED. This applies to all businesses throughout the UAE. To understand the corporate tax in UAE in a better manner, you can take assistance of the services of JAXA Chartered Accountants.