"Federal tax" Invites those subject to corporate tax to submit their returns
Abu Dhabi, 3 December / WAM / The Federal Tax Authority called on those subject to corporate tax to submit their tax returns and pay the corporate tax payable for their respective tax periods within the specified legal periods.
The Authority indicated that it issued, last September, its Resolution No. 7 of 2024 to postpone the deadline for submitting the tax return and paying the corporate tax payable to December 31, 2024, for taxable persons who were established, established, or recognized on or after June 1, 2023 and whose tax period has ended. The first on or before February 29, 2024, including, for example, tax periods ending in December 2023, or January 2024 or February 2024.
In a press release today, the Authority requested those subject to corporate tax whose tax periods ended on or before February 29, 2024, to submit their tax returns and pay the corporate tax due for their first tax period before December 31, 2024, in order to avoid imposing administrative fines on them in the event of failure to adhere to the legally specified deadlines.
The Authority indicated that, with the exception of specific taxable persons whose deadline for submitting their first returns and paying the corporate tax payable pursuant to the Authority’s decision in this regard has been extended; Those subject to corporate tax must submit their returns and pay the corporate tax payable to the Authority within a period not exceeding nine months from the end of their tax period.
His Excellency Khaled Ali Al Bustani, Director General of the Authority, stressed the necessity of submitting tax returns within the time periods specified for each tax period, noting that all businesses registered for corporate tax must submit their tax returns periodically within the periods specified by law.
He noted that the Authority’s representatives communicate continuously with taxable persons to obtain their opinions and discuss ways to overcome any obstacles they may face in a way that ensures efficient implementation of the corporate tax law and does not affect their economic activities.
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