UAE, 08 September, 2025: As the September 30 deadline for filing corporate tax returns approaches, UAE companies face their first major compliance test under the new corporate tax law that came into effect on January 1, 2024.
Tax experts warn that late filing could trigger escalating fines, liquidity pressures, and reputational setbacks. “Corporate tax filing will not be as straightforward as VAT,” said Manu Palerichal, CEO of CLA Emirates. “Accuracy and strategic choices in the first return are critical.”
For most firms on the Gregorian calendar, returns for the 2024 year must be filed by September 30, 2025. Companies on other fiscal years have different deadlines, while Free Zone businesses risk losing zero per cent tax benefits if criteria are not met in year one.
Analysts note that many SMEs face challenges reconciling old accounts, transfer pricing disclosures, and cash flow planning. “The absence of financial discipline is no longer just operational, it is now a regulatory risk,” one Dubai consultant said.
Key risks include escalating penalties, liquidity strain, reputational damage, and the loss of Free Zone incentives. Experts urge businesses to audit accounts, reconcile opening balances, plan liquidity, and file early to avoid last-minute congestion on the FTA portal.
Source: www.khaleejtimes.com
