DEADLINE: JULY 31, 2025 >>> Is your business prepared for Corporate Tax compliance? The clock is ticking!
Breaking News: FTA Waives Late Registration Penalties
The Federal Tax Authority (FTA) has recently announced a significant relief measure for UAE businesses by waiving late registration penalties for Corporate Tax (CT) until July 31, 2025. This temporary amnesty provides a crucial window for businesses to become compliant without facing financial penalties.
What this means for your business?
If you haven't registered for Corporate Tax yet or your financial records aren't fully compliant with the new CT requirements, now is the perfect time to act. The waiver eliminates penalties that would otherwise reach up to AED 10,000 for late registration, giving businesses a rare opportunity to get their affairs in order without additional financial burden.
Specialized Support Services - Now Available
As an experienced accounting, corporate tax & auditing consultant, we are offering specialized services designed specifically to help businesses leverage this penalty waiver period:
- Corporate Tax Registration Assistance
- Guiding you through the entire registration process
- Preparing all necessary documentation
- Ensuring accurate submission to the FTA
- Pre-Audit Support by review of Books of Accounts
- Comprehensive review of existing financial statements to align with CT requirements
- Guidance on proper classification of revenue and expenses
- Segregation of Books for Group Entities
- Proper separation of financial records for multiple entities within the same group
- Implementation of entity-specific chart of accounts and reporting structures
- Establishing clear intercompany transaction protocols and documentation
- Ensuring each entity maintains distinct financial identities for CT compliance
- Strategic Tax Planning
- Analysis of business structure for tax efficiency
- Identification of allowable deductions and exemptions
- Guidance on maintaining ongoing compliance
- Tax Returns & Annual Declarations
- Expert preparation of CT tax returns and annual declarations
- Accurate calculation of taxable income and tax liability
- Timely submission to meet FTA deadlines
- Documentation support for all claimed deductions and exemptions
Why Act Now?
The penalty waiver is temporary. After July 31, 2025, businesses will face substantial penalties for non-compliance. By taking advantage of these specialized services now, you can:
- Avoid future penalties and compliance issues
- Gain peace of mind through professional guidance
- Focus on your core business operations while your tax matters are handled expertly
Don't let this unprecedented opportunity pass. Ensure your business achieves full CT compliance before penalties return.
Contact us today to waive Corporate Tax penalty.
