This decision, issued by the Federal Tax Authority (FTA) on 25 September 2024, postpones the deadlines for some businesses to file their tax returns and settle their corporate taxes under Federal Decree-Law No. 47 of 2022.

Key Points:

Extended Deadline: Who qualifies?

Companies that were incorporated, established, or recognized in the UAE on or after 1 June 2023.

Their tax period ended on or before 29 February 2024.

New Deadline:

For these companies, the deadline to file their tax returns and settle corporate tax is now 31 December 2024.

Key Takeaways:

• Postponement of deadlines for some companies: If your business was established on or after 1 June 2023, and your tax period ended by 29 February 2024, you now have until 31 December 2024 to file your corporate tax return and pay the tax.
• No impact on companies established before 1 June 2023: This postponement only applies to businesses that meet the specific conditions mentioned.
• Immediate implementation: The new deadlines are effective right away and must be adhered to.

For any further information or tax filing assistance, you can reach out to MNV Associates.