33.9 thousand beneficiaries of the exemption initiative from the fine for registration for corporate tax

Abu Dhabi, July 29 / WAM / The Federal Tax Authority revealed that the number of beneficiaries of the exemption initiative from the “delay in registration” for corporate tax amounted to more than 33.9 thousand.

Today, the authority renewed its invitation to those who are not registered in the companies of the non -registered companies to accelerate the submission of registration requests, then submit tax declarations through the “TAAX” platform for digital tax services for the first tax period, in order to benefit from the initiative to exempt from “a fine of delay in registration” for corporate tax for those who are subject to it, and some categories of persons exempt from tax and demanding registration with the authority.
She pointed out that Thursday, July 31, will be the last date to benefit from the initiative for the majority of those subject to corporate tax whose first tax period is compatible with the Gregorian year from January 1 to December 31, 2024, where the full procedures related to submitting registration requests must be carried out and then submit tax decisions for corporate tax via the “Emirates Tax” platform before the end of July 2025, stressing that in the event that the conditions are not fulfilled With the procedures specified by a maximum of July 31, the exemption will not take place, and it will be imposed on non -registrants a fine of delay in registration for corporate tax, which amounts to 10,000 dirhams.
The Authority stipulated to exempt from a “delay in registration fine” for corporate tax that the taxable or the exempted person demanding registration to submit his tax approval or annual statement within a period not exceeding seven months from the date of the end of the first tax period or the first fiscal year instead of nine months, stressing that the initiative to exempt from “the fine of delay in registration” is applied only to the first tax period For tax, or the exempted person who is required to register.
The authority had issued a general clarification regarding the exemption initiative, which included a detailed explanation of the conditions for benefiting from the exemption from the “delay in registration” and the mechanism of its response in cases where that fine was paid, and also includes clarification examples of the conditions and how to benefit from the initiative in different cases, in addition to an additional explanation of the qualifications to benefit from the initiative, and some of the exempt people who must Registration for corporate tax.
In the general clarification, the authority indicated that if the person covered by this initiative meets the terms of the exemption, that is, the tax declaration within seven months from the date of the end of the first tax period or submitting the annual permit within seven months from the date of the end of the first fiscal year, “then the exemption from” the fine of delay in registration “automatically receives the need to submit a request to reconsider or exempt from the fine, and in the event that the fine of the delay in the registration is paid in advance A balance of the fine of ten thousand dirhams will be added automatically to the account of the person who is subject to corporate tax on the “Emirates Tax” platform, which enables the person to use the amount to pay other tax obligations or demanding its recovery from the authority by submitting a recovery request.

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