Urgent UAE Corporate Tax Alert: Final Penalty Waiver Deadline is 31st July
Time is running out for businesses to comply with the UAE's new Corporate Tax regime without facing significant financial penalties. The Federal Tax Authority (FTA) has issued a final call, confirming that Thursday, 31st July 2025, is the absolute deadline for most companies to register for Corporate Tax and avoid a late registration penalty of Dh10,000.
With over 33,900 companies having already taken advantage of this penalty waiver, the initiative has been a crucial lifeline. However, the window of opportunity is now closing. If your business has a presence in the UAE and has not yet registered, immediate action is required.
Understanding the Deadline and Who It Affects
This critical deadline primarily impacts companies whose first tax period aligns with the 2024 calendar year (1st January to 31st December 2024). To qualify for the penalty exemption, these businesses must complete two key actions before the end of July:
Finalise Corporate Tax Registration: Complete the entire registration process via the FTA's "EmaraTax" digital platform.
Submit the First Tax Return: Prepare and file the Corporate Tax return for the first tax period.
Failure to meet these conditions by the 31st July deadline will result in the automatic application of the Dh10,000 late registration penalty.
The FTA also clarified an important condition for the waiver: the first tax return must be submitted within seven months from the end of the tax period, a shorter timeframe than the standard nine-month deadline. This initiative applies only to the first tax period, emphasising the need for swift compliance.
Navigating Compliance with an FTA Tax Agent
The introduction of a new tax system in any country presents challenges. Understanding your obligations, navigating digital tax portals, and ensuring accurate submissions under a tight deadline can be a daunting process, especially for UK businesses with UAE operations. This is where professional guidance is indispensable.
At Zyla Accountants, we provide expert support to ensure your business is fully compliant with UAE Corporate Tax regulations. More importantly, we are a registered FTA Tax Agent. This official status means we are recognised by the UAE's Federal Tax Authority to act on behalf of businesses, providing a seamless and compliant service you can trust.
Our Corporate Tax support services for the UAE include:
Assessment of Your Obligations: We will determine your exact requirements under the new law.
Hassle-Free Registration: We manage the entire registration process on the EmaraTax platform on your behalf.
Accurate Tax Return Filing: Our team will prepare and file your first tax return, ensuring you meet all conditions to secure the penalty waiver.
Peace of Mind: Avoid the stress of tight deadlines and the risk of costly errors.
Don't Risk a Costly Penalty
The 31st July deadline is final. Don't let a compliance oversight result in a substantial and avoidable penalty.
Contact the expert team at Zyla Accountants today. Let us handle the complexities of UAE Corporate Tax, secure your penalty waiver, and provide the peace of mind you need to focus on your business.