UAE, 8 May, 2025 : The UAE’s Federal Tax Authority (FTA) has begun implementing a Cabinet Decision that waives penalties for businesses that missed the corporate tax registration deadline. Companies—including exempt entities—that register late can avoid fines if they file their tax returns within seven months of the end of their first financial year.
The waiver applies only to the first tax period and is valid regardless of whether the original deadline passed before or after the decision was announced. Businesses that already paid late registration or filing penalties may also receive refunds if they meet the new filing window.
FTA Director General Khalid Ali Al Bustani urged unregistered companies to act promptly via the EmaraTax platform. Over 543,000 businesses have already registered in the first quarter of 2025. The initiative aims to boost voluntary compliance and ease the corporate tax rollout.
Source : gulfnews.comRelated Posts
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