Established Expertise, Global Reach

Avoid a penalty of AED 10,000!

Attention Businesses in the UAE: Don't Miss the Corporate Tax Registration Deadline!

The deadline to register is fast approaching. The Federal Tax Authority (FTA) has issued Decision No. 3 of 2024, clarifying the deadlines for businesses to register for Corporate Tax (CT) in the UAE. in accordance with the Federal Decree-Law No. 47 of 2022, effective from March 1st, 2024.

Get registered before the deadline, and avoid a penalty of AED 10,000, depending on your legal type and establishment month, irrespective of the year of establishment.

This decision stipulates that administrative penalties will be imposed on taxpayers who do not submit their registration applications for Corporate Tax within the deadlines specified by FTA, for each segment of taxable persons.

Detailed Deadlines

Get a clear understanding of UAE Corporate Tax deadlines with LFL Consultancy Middle East DMCC. We have summarized the key information for different types of taxpayers and their respective registration deadlines,

About us

Since 2000, LFL International Group has been a leading provider of accounting, tax, and business advisory services. With a strong foundation in the UK and a global presence, we offer unparalleled expertise for businesses operating in the UAE. Our team comprises highly qualified and globally accredited professionals, ensuring you receive the most up-to-date and insightful financial guidance.

Penalties

Failure to submit a Tax Registration application within the specified timeframes will result in a penalty of AED 10,000 on each taxable person, as updated in Cabinet Decision No.75.

Key Takeaway and Next Steps

Taxable Persons should evaluate their category to determine their registration deadline. Timely submission of the Tax Registration application is crucial to avoid penalties. It is understood that penalties will not apply as long as the Tax Registration application is submitted within the prescribed timeline, regardless of when the Tax Registration number is issued.

 

Don’t wait!

Avoid penalties and ensure compliance by registering for Corporate Tax for more information, please get in touch with us!

What We Do

LFL International Group: Your 360° Partner for the Upcoming UAE Corporate Tax Regime

Navigating the new corporate tax landscape in the UAE can be complex. At LFL International Group, we offer a comprehensive, 360° approach to help you prepare and thrive. Our team of experienced professionals goes beyond just tax calculations. We provide a holistic view of the upcoming regime and its potential impact on your business, considering various aspects:

360° Expertise

We have a deep understanding of the UAE's corporate tax regime and its implications across various business functions.

Tailored Solutions

We create customized strategies based on your unique business model and financial goals.

Seamless Experience

Our dedicated team provides clear communication and keeps you informed throughout the process.

Proven Track Record

We have a successful history of helping businesses navigate complex financial regulations in the UAE.

Industries We Empower

● Tailored Financial Analysis: LFL dives deep into your financial data, providing insights that optimize your financial health.

● Compliance Assurance: We ensure you stay compliant with all healthcare regulations, minimizing risk and maximizing focus on patient care.

● Effective Risk Management: Our proactive approach identifies and mitigates potential risks, safeguarding your financial stability.

● Specialized Services: Our team understands the unique needs of educational institutions and tailors solutions to meet them.

● Financial Clarity: We provide clear and concise financial analysis, empowering informed decision-making.

● Risk Management Expertise: We help you identify and address potential risks to ensure the long-term viability of your institution.

● Expert Chartered Accountants: Our team of qualified professionals offers comprehensive accounting services, ensuring accurate financial records and compliance.

● Enhanced Financial Management: We help you optimize your financial management practices, fostering growth and profitability.

● Compliance Navigation: We guide you through the intricacies of hospitality and travel regulations, ensuring seamless operations.

● Customized Solutions: LFL tailors audit and accounting services to your specific needs, delivering transparency and strategic insights.

● Financial Empowerment: We empower you to make informed decisions in a dynamic market, maximizing your competitive edge.

● Compliance Confidence: Our services ensure you adhere to all relevant regulations, allowing you to focus on delivering quality products.

● Precise Financial Insights: We provide in-depth financial analysis, equipping you with the data needed for strategic decision-making.

● Compliance & Accuracy: Our services ensure your financial records are accurate and compliant with retail regulations.

● Growth Enablement: We help you navigate the ever-evolving retail landscape, empowering sustainable growth.

● Financial Transparency & Compliance: LFL ensures your financial statements are accurate and compliant, fostering trust with stakeholders.

● Precision & Integrity: Our meticulous approach allows you to maintain transparency in critical infrastructure projects.

● Sustainable Growth Support: We empower sustainable growth in transportation, energy, and public projects by safeguarding financial health.

Your One-Stop Shop for Financial Success

LFL International Group goes beyond taxation services. We are your comprehensive financial partner, offering a wide range of services to support your business growth and navigate the complexities of the UAE market:

VAT & Corporate Tax Consultancy

Stay ahead of UAE's tax regulations with our VAT and corporate tax consultancy services.

Corporate Tax Impact Assessment

Align your business with the UAE's corporate tax law through a comprehensive assessment. We analyze your financial and operational structure to identify necessary adjustments and lay the foundation for efficient tax planning and robust compliance.

Accounting & Bookkeeping

Focus on running your business while we handle your day-to-day accounting and bookkeeping needs with efficiency and precision.

Tax Planning & Optimization

Minimize your tax burden with strategic tax planning and transfer pricing consultations from our experts.

Business Restructuring

We analyze your current structure and suggest potential adjustments to optimize your tax position within the UAE's legal framework.

Business Advisory & Market Research

Chart your course to success with our comprehensive business advisory services, including market research tailored to your industry. We assist with business formation across various sectors in both the UAE mainland and free zones. Leverage our expertise to identify the ideal location and business structure for your venture, and gain valuable insights from our market research to make informed decisions.

Transfer Pricing Advisory

Ensure compliance with international tax frameworks through our specialized transfer pricing advisory services. Our team possesses in-depth understanding of transfer pricing regulations, CbCR requirements, and tax legislation across various countries. We can assist you with gap analysis, documentation, filings, disclosures, and reporting obligations related to UAE transfer pricing regulations.

Management Consulting

Navigate the regulatory landscape with confidence with our compliance, corporate secretarial, and intellectual property (IP) support.

We go beyond the numbers to become a strategic partner in your growth.

With our unmatched expertise across various industries and a dedication to your success, we empower you to navigate challenges and achieve your financial goals.
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