The UAE Federal Tax Authority (FTA) has announced that businesses with licences issued in October and November must complete their Corporate Tax registration by November 30, 2024.
The UAE Federal Tax Authority (FTA) has announced that businesses with licences issued in October and November must complete their Corporate Tax registration by November 30, 2024.
Many business owners had overlooked the misalignment between the date on their tax registration certificate and the actual filing date, according to tax experts.
The decision is aimed at helping businesses with first corporate tax periods shorter than a year
September 30, 2024 is deadline for companies registered in June of 2023
Dubai: Compliance with UAE’s excise and value-added tax (VAT) laws has more than doubled in the first six months of the year, but violations have also surged, according to the Federal Tax Authority (FTA).
It is important to carefully consider your reporting period selection to ensure compliance with tax regulations
Adhering to these time periods is necessary for those subject to corporate tax to avoid administrative fines
Fees paid for the service will be refunded in some cases when clarification is not issued
Free-zone companies are not automatically exempted from corporate tax; certain conditions will apply, say experts
Their entitlement to 0% corporate tax rate requires extensive prepping and compliance