Latest Updates
Stay up-to-date with the latest developments in UAE finance, tax, VAT, and compliance. Our News section offers expert insights, regulatory updates, and essential information for businesses and professionals alike, helping you make informed decisions in a constantly evolving financial landscape.
📢 Important Update!
UAE Corporate Tax Update: Late Registration Penalty Waiver for First-Time Filers
The Federal Tax Authority (FTA) has introduced a relief measure for businesses filing their first Corporate Tax (CT) return in the UAE. Eligible taxpayers may receive a waiver of the late Corporate Tax registration penalty, provided they meet the prescribed conditions.
Key Eligibility Condition
To qualify for the waiver, the first Corporate Tax return must be filed within seven (7) months from the end of the relevant Tax Period.
How to Check Eligibility
The FTA has enabled an online eligibility checker to help businesses confirm their status. Taxpayers are required to:
Enter the Establishment Date
Select the relevant Tax Period
The system will instantly confirm eligibility and provide guidance on the next required actions.
Why This Update Is Important
This relief is a time-sensitive opportunity for businesses that missed timely Corporate Tax registration but remain compliant with their first return filing deadline. Eligible taxpayers are encouraged to check their status promptly to avoid unnecessary penalties.
For eligibility verification, visit the official FTA portal:
https://tax.gov.ae/en/ct.waiver.check.aspx
📢 Important Update!
IFZA License Renewal – New Requirement
📢 In line with Administrative Resolution No 001/2025, all businesses registered under IFZA are now required to submit Audited Financial Statements at the time of their trade license renewal.
✅ Applies to the most recently completed financial year.
✅ If you already have audited financials, ensure they are included with your renewal application.
✅ This requirement strengthens compliance and may also support other business needs.
Why This Matters for IFZA Companies
Avoid delays or rejection during license renewal.
Maintain regulatory compliance under IFZA rules.
Improve business credibility with verified accounts.
Action Required:
Prepare and submit your Audited Financial Statements before applying for your IFZA license renewal.
📢 Important Update!
Corporate Tax Return Filing Deadline is Approaching!
Attention UAE Businesses!
If your Financial Year ends on December 31, 2024,
you must file your Corporate Tax Return by:
🗓️ Deadline: September 30, 2025
Under UAE Corporate Tax Law, timely filing is mandatory.
✅ Avoid Penalties
✅ Ensure Compliance
✅ Maintain Business Continuity
📢 Important Update!
Refund Opportunity for Corporate Tax Late Registration Fine
Were you penalized for registering late for UAE Corporate Tax?
Late Corporate Tax Registration? You Might Get a Refund!
If you paid a fine for registering late, you could now be eligible for a refund under the latest FTA update.
Make sure to register before July 31st to avoid future penalties.
Need help? Contact us today!
📢 Important Update!
FTA’s Penalty-Free Grace Period for Tax Record Updates
The Federal Tax Authority (FTA) has introduced a penalty-free grace period until March 31, 2025! This is an excellent opportunity for businesses to update their company details, trade license, and address without facing penalties. Additionally, any penalties issued from January 1, 2024, will be automatically reversed.
Take advantage of this window to ensure your tax records are accurate and up-to-date without incurring extra costs!
📢 Important Update!
How We Can Help
Our team provides expert services to simplify your compliance process:
- 💼 Advisory Services: Tailored compliance guidance.
- 📋 Documentation Support: Hassle-free preparation of required documents.
- 📨 Submission Assistance: Accurate and timely filing.
Compliance Reminder: Mandatory Submission Deadline for DNFBPs – January 2025
Attention all Designated Non-Financial Businesses and Professions (DNFBPs)! The deadline for mandatory compliance submissions is fast approaching. Ensure your business is prepared to meet the requirements by January 2025.
Who Must Comply?
Compliance is mandatory for the following sectors:
- 🏢 Real Estate Companies
- 💼 Auditing & Accounting Firms
- 💎 Dealers in Precious Metals/Stones
- 📜 Trust/Company Service Providers
- ⚖️ Legal Consulting Firms
Why Compliance is Crucial
- ✅ Avoid hefty fines and legal penalties.
- ✅ Stay in line with AML/CFT regulations.
- ✅ Safeguard your business reputation and trustworthiness.
Compliance Dates to Remember
- 2023 Data Submission Deadline: 13th January 2024
- 2024 Data Submission Deadline: 18th January 2025
Ensure timely submissions to avoid penalties and stay compliant!
