Abu Dhabi: The Federal Tax Authority (FTA) has reminded businesses subject to Corporate Tax to file their tax returns and pay dues for their respective tax periods within the legally mandated timeframes.
As part of its efforts to promote voluntary tax compliance, the FTA highlighted Decision (7) of 2024, which extends the filing deadline for specific tax periods. Businesses with tax periods ending on or before 29 February 2024—such as December 2023, January 2024, or February 2024—must file their returns and settle payable taxes by 31 December 2024.
The FTA emphasized that failure to meet the extended deadline will result in administrative penalties. Apart from the specified extension, businesses must adhere to the standard rule of filing returns and paying Corporate Tax within nine months of their tax period’s conclusion.
Khalid Ali Al Bustani, Director-General of the FTA, stated that, “All businesses registered for Corporate Tax are required to file their tax returns periodically within the deadlines specified under the Corporate Tax Law. Our representatives actively communicate with businesses to address feedback and resolve challenges, minimizing disruptions to economic activities.”
The initiative reflects the UAE’s ongoing commitment to fostering a robust and transparent tax framework that aligns with global standards while supporting economic stability.
The FTA encourages all eligible businesses to comply promptly to avoid penalties and ensure seamless operations under the Corporate Tax regime.