UAE Federal Tax Authority Implements Corporate Tax Late Registration Penalty Waiver Initiative
Here's what it means for you.
This initiative aims to enhance compliance and support economic growth for businesses in the UAE.
What happened
The FTA announced a Corporate Tax Late Registration Penalty Waiver initiative that has already helped over 68,600 businesses, with expectations of reaching 91,000 beneficiaries.
The Context
- Initiative Start: The initiative began in April 2025 and applies to penalties incurred from June 1, 2023.
- Eligibility: Eligible businesses must submit their Tax Return within seven months of their first tax period to qualify for the waiver.
- Economic Support: The FTA aims to enhance compliance and support economic growth through this initiative.
Takeaway
The FTA's initiative is a strategic move to foster a compliant business environment and stimulate economic activity in the UAE.
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68.6 ألف مستفيد من إعفاءات غرامة التأخير بالتسجيل لضريبة الشركات 68.6 ألف مستفيد من إعفاءات غرامة التأخير بالتسجيل لضريبة الشركات
The Federal Tax Authority announced that the total number of beneficiaries from the initiative to waive late registration penalties for corporate tax has reached 68,600, with expectations to increase to 91,000 under the 'exemption initiative'.
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UAE Tax Authority: Over 68,600 benefit from Corporate Tax Penalty Waiver, total set to exceed 91,000 UAE Tax Authority: Over 68,600 benefit from Corporate Tax Penalty Waiver, total set to exceed 91,000
The Federal Tax Authority (FTA) of the UAE has reported that over 68,600 taxable persons have benefited from the Corporate Tax Late Registration Penalty Waiver initiative, with expectations that this number will exceed 91,000 by the end of 2026. This...
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UAE corporate tax penalty waiver may benefit 91,000 businesses
The United Arab Emirates has announced a waiver for corporate tax penalties that may benefit approximately 91,000 businesses, providing relief amid ongoing economic adjustments.
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UAE corporate tax penalty waiver may benefit 91,000 businesses
The United Arab Emirates has announced a waiver for corporate tax penalties that may benefit approximately 91,000 businesses, providing relief amid ongoing economic adjustments.