"Federal Taxes" It calls to accelerate the registration for corporate tax to benefit from the exemption

Ras Al Khaimah, on June 24 / WAM / The Federal Tax Authority in Ras Al Khaimah held the third workshop during the current year specialized to introduce the rules for setting income subject to corporate tax, as part of its comprehensive campaign to spread awareness of corporate tax in the business sectors.
The authority stated in a press statement today that this workshop came within a series of events and workshops with a distance and attendance technology in all the emirates of the state, which will continue during the year 2025, noting that the number of beneficiaries of the three workshops held in a row during the last period in Dubai, Abu Dhabi and Ras Al Khaimah; It reached more than 2,300 participants from the business sectors and stakeholders in the tax sector in the government and private sectors.
During the workshop, the Federal Tax Authority stressed the importance of those who are subject to the tax on non -registered companies to accelerate the submission of registration requests for corporate tax to benefit from the esteemed cabinet decision regarding the initiative to exempt those who are subject to corporate tax and some categories of exempted persons demanding registration with the authority from the administrative fines resulting from delay in submitting registration requests during the specific legal period.
She explained that those who are subject to corporate tax “or the exempted persons demanding registration” who registered for the tax to benefit from the exemption initiative must submit their tax decisions or their annual statements “within a period not exceeding seven months from the end of the first tax period of the registrar, in order to apply to the registrar the condition of exemption from the fine according to the decision.
She pointed out that the exceptional condition to benefit from the exemption by submitting the tax declaration or the annual declaration within a period not exceeding 7 months from the date of the end of the tax period; It is only applied to the first tax period of the tax subject or the exempted request to register, whether the date of the first tax declaration is “or the first annual declaration” previously to start implementing the new decision or after the start of the application of the decision.
The Federal Tax Authority affirmed its keenness to advance the continuous services provided to support and support the business sectors, in line with the authority’s plans to consolidate a tax environment encouraging compliance, through continuous awareness plans to access all tax -subject groups, and to introduce legislation and tax procedures in various methods that are clearly characterized by information and the ease of application.
She pointed out that the representatives of the authority responded to the inquiries of the participants in the workshop held in Ras Al -Khaimah, who numbered about 440 participants from the concerned to implement the corporate tax, and attended by a number of officials from the authorities specialized in the government and private sectors.
During the workshop, representatives of the commission gave a comprehensive explanation about the corporate tax law and the decisions related to it, the requirements for compliance with the law, registration procedures via the “Tax” platform for digital tax services, the criteria for identifying the tax subject, clarifying applied ratios and tax periods, and the mechanism of applying the provisions contained in the corporate tax law.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related