FTA Explains the Registration of Juridical Persons for Corporate Tax Purposes
September 5, 2023
Since the beginning of 2023, the Federal Tax Authority (FTA) of the United Arab Emirates has taken a dynamic stride by initiating an ‘early registration’ mechanism tailored for select business categories, beckoning them to partake in the realm of Corporate Tax compliance within the nation’s purview. This pioneering initiative has witnessed a gradual, all-encompassing expansion, with an ultimate objective: to encompass every qualifying juridical person that harmonizes with the expanse of the UAE’s resolute Corporate Tax.
On August 31, 2023, the FTA introduced a comprehensive guide known as the “Registration of Juridical Persons – Corporate Tax Guide – CTGRJP1,” often referred to as the “RJP Guide” for simplicity. This guide is divided into nine sections and provides detailed insights into the Corporate Tax registration requirements for legal entities as outlined in the new Corporate Tax Law.
The core sections of the RJP Guide are:
- Corporate Tax Registration
- Overview of the Corporate Tax Registration Process
- Taxable Persons and Exempt Persons
- Resident Juridical Persons
- FTA’s Power to Register a Person for Corporate Tax
- Corporate Tax Deregistration