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Home Finance UAE starts easing penalties for companies late to register taxes

UAE starts easing penalties for companies late to register taxes

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Dubai: The UAE’s Federal Tax Authority (FTA) announced that it has started applying a UAE Cabinet Decision to waive fines for some businesses that missed the corporate tax registration deadline.

Under the Cabinet Decision, businesses that missed the deadline to register for corporate tax won’t have to pay a fine, as long as they file their tax return within seven months of the end of their first financial year. This applies to both regular businesses and certain exempt organisations that are still required to register.

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