The Federal Tax Authority (FTA) has issued a strong appeal to corporate taxpayers who are yet to register for corporate tax, encouraging them to take advantage of the administrative penalty waiver initiative currently in place.
Key Highlights of the Penalty Waiver Initiative
- Who It Applies To:
Unregistered corporate taxpayers and certain exempt entities required to register with the FTA. - Waiver Conditions:
Administrative penalties for late registration will be waived only for the first tax period of the registrant. - Deadline for Compliance:
- Taxpayers must register and submit their first tax return (or annual declaration)
- Within 7 months from the end of their first tax period
- This is applicable regardless of whether the due date falls before or after the Cabinet Decision’s implementation date.
Education Campaigns & Workshops
- Abu Dhabi Workshop Attendance:
Over 940 stakeholders and business reps joined the event. - Scope of Workshops:
- Understanding corporate tax rules, taxable income, and accounting standards
- EmaraTax registration demo: How to use the FTA’s online platform for registration
- Explanation of tax periods, exemptions, and accounting compliance
- In-depth training on:
- Accrual-based accounting
- Recognizing financial assets, liabilities, and equity
- IFRS and cost accounting methodologies
Nationwide Awareness Drive
- The workshop was part of a UAE-wide campaign started in 2023.
- Aimed at promoting voluntary tax compliance and aligning with global best practices.
- Conducted via in-person events and online webinars for accessibility.
- Targets all categories of businesses with tailored education sessions.
FTA’s Final Message to Businesses
The FTA emphasized:
- Act now to register and comply within the grace period.
- Consult the FTA website for up-to-date resources, including:
- Corporate Tax Law
- Executive Decisions
- Comprehensive Guides
Ready to register your business for UAE corporate tax?
Contact RIZ & MONA Consultancy at for expert guidance and hassle-free registration!
