The authority has now given a clear list of the taxable person who is exempted from Corporate Tax registration. By default, it means that any other taxable person is mandatorily required to get registered under Corporate Tax.

As mentioned under the Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses, listed below are the Persons not required to register for Corporate Tax with the Authority:

1. A Government Entity. 
2. Government Controlled Entity. 
3. A Person engaged in an Extractive Business that meets the conditions of Article 7 of the Corporate Tax Law. 
4. A Person engaged in a Non-Extractive Natural Resource Business, that meets the conditions of Article 8 of the Corporate Tax Law. 
5. A Non-Resident Person that derives only State Sourced Income under Article 13 of the Corporate Tax Law and that does not have a Permanent Establishment in the State according to the provisions of the Corporate Tax Law. 

Points (1) to (4) of the above list of this Article shall be required to register for Corporate Tax in cases where the person becomes a Taxable Person under the provisions of the Corporate Tax Law.

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To learn more about Exception from Tax Registration on the Taxation of Corporations and Businesses - Article 4 of the Federal-Decree-Law-No.-47-of-2022, book a free consultation with one of the Flyingcolour team advisors.

Disclaimer: The information provided in this blog is based on our understanding of current tax laws and regulations. It is intended for general informational purposes only and does not constitute professional tax advice, consultation, or representation. The author and publisher are not responsible for any errors or omissions, or for any actions taken based on the information contained in this blog.