UAE: First tax period for juridical persons

Tax period for a taxable person corresponds to their financial year for which a tax return must be filed

August 13, 2024

The Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (UAE CT Law) applies to tax periods starting on or after June 1, 2023. According to the UAE CT Law, the tax period for a taxable person, other than a natural person, corresponds to their financial year or part thereof for which a tax return must be filed. Typically, this is the 12-month period for which the taxable person prepares its financial statements or the Gregorian calendar year (i.e., January 1 – December 31) in other cases.

If a corporate tax-registered person ceases to be taxable for any reason, a tax deregistration application must be filed with the federal tax authority (FTA) within three months of the end date, as specified in FTA Decision No. 6 of 2023. This applies in cases of cessation of business, dissolution, liquidation, or other similar circumstances.

Read an August 2024 report prepared by the KPMG member firm in the United Arab Emirates

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline