The Federal Tax Authority (FTA) has urged Corporate Tax taxpayers to finalise their records, submit Tax Returns, and settle Corporate Tax payments for the relevant Tax Periods within the prescribed deadlines.
The Authority stressed that Corporate Tax taxpayers, along with Exempt Persons required to register, must file their Tax Returns or annual declarations and pay due taxes within nine months from the end of each Tax Period.
The FTA reaffirmed that filing Tax Returns (or annual declarations) and making timely payments are fundamental legal obligations. Failure to comply could result in fines and penalties for non-filing or delays.
Taxpayers were encouraged to prepare the necessary documents in advance, such as commercial licences, financial records, and business activity details, to ensure timely and accurate filing. Early preparation, the FTA noted, helps businesses meet their obligations more efficiently.
The Authority reiterated its commitment to enhancing services in line with global best practices, offering businesses comprehensive support and streamlined procedures to ensure smooth compliance with Corporate Tax Law.
It also highlighted that registration, Tax Return submission, and Corporate Tax payment can all be completed through the EmaraTax digital platform, which is accessible 24/7 and designed for clarity, ease, and speed.
To ensure accuracy, the FTA advised registrants to carefully review their returns before submission. Taxpayers can file and pay Corporate Tax directly via EmaraTax or seek assistance from authorised Tax Agents listed on the FTA website.
For further details on the Corporate Tax Law, its implementing decisions, and related guidelines, stakeholders are encouraged to visit the FTA’s official website: https://tax.gov.ae
(Inputs from WAM)
