Federal Tax Authority (FTA) encourages corporation taxpayers across the UAE To register for corporate tax and file returns within the legal deadline to prevent administrative fines, under a limited-time disposal identified by the Cabinet decision.
Waiver is available to taxable entities and released people who are required to register, if they have submitted their first tax tax or annual retrying for seven months from their first tax period.
FTA clarified that the exemption from late registration fines will only be available at first tax period, even if the due date fell before or after the decision.
UAE Corporation Tax
The authority is highlighted that this period of grace offers businesses a valuable moment to ensure full compliance – but the delays of the pensed pensure is warning what is the heart of the unae pensice.
Key Waive Couct:
- Entities must register for corporate tax via EmarataX at EMARATAX in FTA
- The first tax return or declaration should be filed within seven months from the end of the first entity tax period
- Applies to both taxed businesses and exempons needed to register
The Waiver campaign is formed as part of FTA’s wider driving to support businesses to meet their tax obligations, while building a volunteer culture following international best practices.
The campaign outreach includes:
- Nationalwide In-Persons and Online Workshops to Teach Businesses
- Tax Tax Explanations, Accounting Standards, Compliance Rules, and Registration Processes
In a such workshop recently held in Abu Dhabi, 940 business representatives who understand the implications of corporate tax law and the conditions tied to the release of release.
FTA Experts explain how to verify and calculate tax revenue, keep accounting standards, and registration through the EMARATAX digital platform. A session that follows, pointing to specific concerns from participants.
The authority concludes with urge businesses to review corporate tax law, Executive Procedures, and Available Laws to ensure unnecessary financial penalties.
