Businesses incorporated in the UAE after June 1, 2023, with a six-month initial financial year ending before February 29, 2024, now have until December 31, 2024, to file their first Corporate Tax returns.
Summary
The Federal Tax Authority (FTA) has extended the deadline for filing the first Corporate Tax returns for entities incorporated on or after June 1, 2023, with a six-month initial financial year ending on or before February 29, 2024.
This extension aims to provide relief to companies that were incorporated after the introduction of the UAE Corporate Tax Law and opted for a shorter initial financial year.
Original Deadline: September 30, 2024
Extended Deadline: December 31, 2024
Next Steps
Businesses falling under the criteria should ensure they file their Corporate Tax returns by the extended deadline
This blog is a part of our Tax Advisory Services.
Disclaimer
The opinions expressed in this blog are those of the respective authors. ATB Legal does not endorse these opinions. While we make every effort to ensure the factual accuracy of the information provided in our blogs, inaccuracies may occur due to changes in the legislative landscape or human errors. It is important to note that ATB Legal does not assume any responsibility for actions taken based on the information presented in these blogs. We strongly recommend verifying information from official sources and consulting with professional advisors to ensure its accuracy and relevance to your specific circumstances.
About ATB Legal
ATB Legal is a full-service legal consultancy in the UAE providing services in dispute resolution (DIFC Courts, ADGM Courts, mainland litigation management and Arbitrations), corporate and commercial matters, IP, business set up and UAE taxation. We also have a personal law department providing advice on marriage, divorce and wills & estate planning for expats.
Please feel free to reach out to us at office@atblegal.com for a non-obligatory initial consultation.
