The UAE Federal Tax Authority (FTA) released the Corporate Tax Guide on Registration of Natural Persons – CTGRNP1 on Monday, 6 May, 2024. It is designed to provide general guidance on the registration of natural persons in the UAE for Corporate Tax purposes.
The guide provides an overview in relation to Corporate Tax of:
- the Tax Registration rules for a natural person;
- how a natural person can determine whether they need to register for Corporate Tax; and
- the Tax Deregistration process.
This guide should be read in conjunction with the Corporate Tax Law, the implementing decisions and other relevant guidance published by the FTA.
How to use this guide
The relevant articles of the Corporate Tax Law and the implementing decisions are indicated in each section of the guide. It is recommended that the guide is read in its entirety to provide a complete understanding of the definitions and interactions of the different rules. In some instances, simple examples are used to illustrate how key elements of the Corporate Tax Law apply to natural persons.
The examples in the guide:
- show how these elements operate in isolation and do not show the interactions with other provisions of the Corporate Tax Law that may occur. They do not, and are not intended to, cover the full facts of the hypothetical scenarios used nor all aspects of the Corporate Tax regime, and should not be relied upon for legal or tax advice purposes; and
- is only meant to provide readers with general information on the subject matter. It is exclusively intended to explain the rules and does not relate at all to the tax or legal position of any specific juridical or natural persons.
