Money and business

The number of registrars for corporate tax exceeds 640 thousand registered

The Federal Tax Authority expressed its thanks and appreciation for the large numbers of corporate tax, who have achieved high compliance rates in relation to registration with the authority in the legal periods specified for each category, and the commitment to submit tax declarations and annual permits, and pay tax dues during the specified periods, noting that the completion of dealing with these large numbers of decisions reflects the success and efficiency of the system Tax and procedural proceduralism that corresponds to international best practices, and provides digital compliance mechanisms that are the latest of its kind globally, as well as providing adequate information and guidelines to enhance tax awareness, help the business sectors and enable them to voluntarily and accurately.

The Director General of the Federal Tax Authority, Khaled Ali Al -Bustani, announced that the number of registrars for corporate tax has exceeded 640 thousand registered, pointing to the great demand from the registrants to submit the declarations and pay the tax due tax to the authority before the end of the date set for delivery and payment (i.e. the end of September 2025) for the tax period (the fiscal year) ending last December 2024.

He stressed that the past period witnessed a remarkable increase in the level of compliance and the response of the tax with legislation and tax procedures, as a result of increasing awareness and the spread of tax culture, in light of the authority’s keenness to communicate with the persons concerned with the tax sector to identify their opinions, and enhance their contributions to the sustainable development plans carried out by the authority, and seeking to document its relations with the community with its institutions and members and all strategic partners, This is through continuous meetings through the committees and joint consulting and coordination groups that include representatives from the relevant authorities and the private sector in the country.

Al -Bustani said: “Statistics show that hundreds of thousands of tax declarations and annual statements received from registered in companies who have ended the tax period or their fiscal year have ended on December 31, 2024, and this high rate of tax compliance with the high tax awareness of the business sectors, and as a result of the ease of steps provided by the authority to provide the declarations and pay the taxes due via the platform (Emirates TARAA), which provides digital tax services around the clock, with clear and speeding procedures, where thousands of requests were received daily during the last period, and they were addressed with great efficiency, and the communication center also provided the immediate support necessary for taxpayers when needed during peak times ».

He explained that «within the framework of the directives of the rational leadership to preserve a tax legislative environment encouraging voluntary compliance, it is characterized by flexibility and keeping pace with the variables, many initiatives were launched to support those subject to corporate tax and facilitate their tax compliance, including the distinguished cabinet decision regarding the initiative to exempt those who are subject to corporate tax and some groups of rescue persons demanding registration with the authority from the administrative fines resulting from Delay in submitting registration requests during the specified legal period, with a condition for exemption from the fine that the tax subject or the exempt person who is required to register to submit his tax approval or annual statement within a period not exceeding seven months from the end of his first tax period ».

The Director General of the Federal Tax Authority attributed the increase in compliance rate and the success of the tax system in dealing efficiently, and immediate treatment of large numbers of requests for declarations and payment of tax dues, to the pre -emptive steps and facilities provided by the authority to continue to proceed with tax services, where all procedures related to corporate tax can be completed through the “TAX” platform for digital tax services through major steps that are distinguished Ease and clarity, and it takes limited minutes.

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