Member News

In simple terms:

What it is: An opportunity to avoid or reclaim administrative penalties on your initial Corporate Tax registration and first tax return filing. 

• How it works: This relief applies if your company is registered for Corporate Tax  and files its first Corporate Tax return within 7 months of the end of it's first financial year end. 
• The Timeframe: Both the registration and submission of the corporate tax return must be completed within the 7 months following a company's first financial year end.  
• The Goal (from the FTA): To support businesses like yours, encourage timely compliance, and reduce burdens during this initial phase. 

What This Means for You (As Our Client):This is positive news from the FTA, providing valuable flexibility and a great opportunity for eligible businesses to get compliant without facing administrative penalties. As our client, please rest assured that we are aware of this latest announcement and are actively informing you of any Corporate Tax compliance updates. 

We continuously monitor updates from the FTA to ensure you are made aware of any changes to legislation and new initiatives.

Corporate tax registration is mandatory for almost all companies in the UAE. If you're company has not been registered yet, this initiative is great opportunity to get registered while avoiding administrative penalties. 

Have Questions? Please Reach Out:

Even though we are actively monitoring updates from the FTA and informing our clients, we understand you might have questions about how this FTA initiative applies to your company's specific timeline or any other aspect of Corporate Tax. 

Let CBD Corporate Services assist your business with its corporate tax registration to ensure compliance with the new law. 

Email [email protected] or call/Whatsapp +971 56 218 4695 or visit our website.