The Federal Tax Authority calls on those subject to corporate tax to submit their returns and pay within the specified periods

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.

She pointed out that, as part of its commitment to support and encourage business sectors to comply with voluntary taxes easily and efficiently, last September, the Authority issued 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… incorporated, created or recognized, on or after 1 June 2023, and whose first tax period ended, on or before 29 February 2024 (e.g. tax periods ending in December 2023, January 2024 or February 2024).

In a press statement yesterday, the Authority called on 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 that Failure to adhere to the legally specified deadlines for submitting tax returns and paying corporate tax dues.

The Authority indicated that, with the exception of specified taxable persons, for whom the deadline for submitting their first returns and paying the corporate tax payable has been extended pursuant to the Authority’s decision in this regard, 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 date of The end of their tax period.

The Director-General of the Authority, Khaled Ali Al-Bustani, 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 under the corporate tax law.

Al-Bustani pointed out 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.