The Federal Tax Authority (FTA) has announced an extension for corporate tax return filing and payment deadlines for specific businesses. Companies that were established on or after June 1, 2023, and whose tax periods end on or before February 29, 2024, now have until December 31, 2024, to file their tax returns and pay their corporate tax.
This extension is part of the FTA’s efforts to support businesses, especially those with shorter tax periods. Previously, businesses were required to file their tax returns and pay their taxes by September 30, 2024. However, under the new FTA Decision No. 7 of 2024, these businesses have been given more time to meet their obligations.
Khaled Ali Al Bustani, Director General of the FTA, emphasized that this move is designed to help businesses comply with tax regulations more easily, without facing unnecessary pressure or penalties.
The FTA encourages all businesses to review the corporate tax laws and stay informed by visiting their website at www.tax.gov.ae.
About the FTA:
The Federal Tax Authority was created in 2016 to help diversify the UAE’s economy by managing federal taxes. Since 2017, it has been committed to creating an electronic tax system that is simple and transparent, allowing businesses to register, file tax returns, and make payments online.
