The UAE’s Federal Tax Authority (FTA) is urging businesses to register promptly for Corporate Tax to benefit from a limited-time penalty waiver scheme. Companies that complete their registration within seven months of their license issuance or effective date will be exempt from the Dh10,000 late registration fine.
The FTA emphasized that this grace period is a one-time opportunity to ease the financial burden on businesses and encourage a smoother transition into the UAE’s newly introduced Corporate Tax system, which took effect in 2023. Delayed compliance, however, will lead to the automatic imposition of penalties.
To facilitate the process, businesses can use the EmaraTax platform to register and manage their filings. The FTA is also offering educational workshops and guidelines to help companies understand their obligations, including how to calculate taxable profits and maintain proper documentation.
Authorities warn that non-compliant companies may face not just monetary penalties but legal consequences and audit scrutiny. The FTA’s appeal highlights the urgency for all eligible entities—from SMEs to large corporations—to act now and avoid avoidable costs.
