The Federal Tax Authority (FTA) has called on natural persons conducting business in the UAE to register for Corporate Tax by March 31, 2025, to avoid penalties. The authority highlighted that failing to meet this deadline would result in an administrative fine of AED10,000.

According to the FTA, a natural person, defined as any living individual of any age, becomes subject to Corporate Tax if they run a business or business activity in the UAE. This includes individuals managing sole establishments or acting as partners in unincorporated partnerships operating in the country.

The FTA clarified that a person must register for Corporate Tax if their total revenue exceeds AED1 million during a calendar year. For instance, if a person’s business revenue surpassed AED1 million by July 2024, they are required to complete their registration by March 31, 2025, and submit their Corporate Tax Return by September 30, 2025.

The authority has issued a comprehensive guide, CTGRNP1, to help individuals understand the registration requirements. It advises all concerned to review relevant legislation, guides, and manuals available on its official website for better clarity.

Tax registration can be completed via the EmaraTax platform, which offers a user-friendly, step-by-step process for registration. Existing VAT or Excise Tax registrants can use their current accounts to register, while new users can create an account using an email ID and phone number. Alternatively, applications can be submitted through Tas’heel Centres across the UAE.

The FTA continues to emphasize the importance of compliance with Corporate Tax laws and urges individuals to remain updated on relevant regulations and deadlines through its awareness publications.