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Corporate Tax Update: Timelines for CT Registration
10/06/2024Corporate Tax Alert: Public Clarification on Timelines for CT Registration10/06/2024
The Federal Tax Authority (FTA) has recently issued a Corporate Tax (CT) Public Clarification on corporate tax registration timelines that were earlier prescribed vide FTA Decision No. 3 of 2024 (“FTA Decision on timelines for CT registration”).
This clarification intends to clarify the CT registration application timeline and provides illustrative examples to aid understanding. It is important to note that this public clarification does not amend any existing provisions. Therefore, it will be effective from the date of implementation of the earlier decision, which is 1 March 2024.
We have summarized the key clarifications in this document.