An important update from the UAE Ministry of Finance and the Federal Tax Authority (FTA) regarding Corporate Tax registration. As part of their ongoing support for businesses during the initial implementation of the Corporate Tax regime, the authorities have introduced a penalty waiver initiative for companies and certain exempt entities that missed the deadline to register.
Who Qualifies?
Businesses that:
- Missed the initial corporate tax registration deadline, and
- File their first Corporate Tax Return or annual statement within 7 months from the end of their first tax period.
Why this matters?
This initiative offers businesses a second chance to comply without incurring penalties, helping to ease the administrative burden during the first year of adoption.
We highly recommend that you review your tax registration and filing status as soon as possible to determine your eligibility and take the necessary steps within the allowed timeframe.
If you believe your company may be eligible or need help confirming your tax status, we strongly encourage you to get in touch with us. Our team is ready to assist you with:
- Corporate Tax registration
- Return preparation and filing
- Documentation review and submission
📞 contact us at: +971 50 506 1908 | 📧 info@laafzllc.com
Let’s make sure you take full advantage of this relief measure and stay ahead of your compliance obligations.