Federal Tax Authority opens pre- registration for corporate tax through the EmaraTax platform starting in January 2023
The Federal Tax Authority (FTA) has launched early registration for corporate tax through the EmaraTax platform for digital tax services, in line with 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 that starts on or after 1 June 2023.
The Authority explained that the early registration period is available from January 2023 to May 2023 for certain categories of companies operating in the UAE. These selected companies will be receiving invitations from the FTA by email and SMS, allowing them to register via the EmaraTax platform.
Following this phase, the FTA will announce at a later date when registration will be open for other companies and businesses. The FTA will make sure to give ample time for 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 1 June 2023.
The Authority welcomes any feedback and suggestions during this phase to ensure continuous improvements of registration procedures and processes.
FTA Director General His Excellency 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 prioritizes 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,” H.E. added.
The FTA will be providing more information about registration for corporate tax in due course, and more details about Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses will be made available through the link:
Federal Tax Authority
By virtue of this Federal Law by Decree a public federal authority shall be established under the name of the Federal Tax Authority. The headquarters of the authority shall be located in the city of Abu Dhabi. The authority shall be in charge of managing and collecting federal taxes and related fines, distributing tax-generated revenues and applying the tax-related procedures in force in the UAE.
The authority shall be managed by a board of directors chaired by the Minister of Finance and a sufficient number of members to be appointed and remunerated by a Cabinet resolution, based on the chairman’s nomination. The authority shall have an independent annual budget that shall be deemed as public funds and exempted from all taxes and fees.