Key Highlights

The UAE Ministry of Finance and Federal Tax Authority have announced a penalty waiver for businesses that missed the Corporate Tax Registration deadline.

To qualify, businesses must submit their Corporate Tax return or annual statements within 7 months from the end of their first tax year.

Example:

For businesses with financial year end of 31 December 2024, the return must be filed by 31 July 2025 to be eligible for the waiver.

Next Steps:

• Register for Corporate Tax if not already registered
• Assess Eligibility for Reliefs: Determine whether the business qualifies for any reliefs or exemptions that can be claimed in the return.
• File Promptly: Ensure the tax return or annual accounts are submitted within the 7-month deadline.

Our View

Late registration penalties of AED 10,000 may be waived for businesses that act within the specified timeframe. This is a valuable opportunity for eligible businesses to regularize their tax position without incurring financial penalties.

Taking timely action is essential to remain compliant under the UAE’s Corporate Tax regime.

Contact Us

For tailored advice and support with Corporate Tax registration or filing, please contact our Tax Advisory Team.

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