In a move that brings much-needed relief to businesses across the UAE, the Ministry of Finance and the Federal Tax Authority (FTA) have jointly announced a key update through a recent press release: a waiver and refund of penalties for late corporate tax registration.
This initiative targets businesses and exempt persons who missed their deadline to register for Corporate Tax. Instead of facing penalties, eligible entities now have a chance to correct the oversight—without financial consequences. What You Need to Do
To benefit from this relief:
If you meet this requirement, the FTA will:
Why This Matters
With Corporate Tax being newly introduced in the UAE, this grace period offers a clean slate for businesses that may have missed initial deadlines due to lack of clarity or readiness. It’s especially helpful in this first year of implementation, where administrative errors are more likely.
Unsure About Your Eligibility?
If you’re uncertain whether your business qualifies—or how to go about filing correctly—professional guidance is just a message away. It’s the ideal time to ensure your compliance and avoid future complications.
Need Assistance?
We’re here to help you navigate the Corporate Tax process and take full advantage of this opportunity. Reach out today to get started.
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