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FTA urges businesses to register promptly for corporate tax

June 24, 2025 / 11:10 PM
FTA urges businesses to register promptly for corporate tax
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Sharjah 24 – WAM: As part of its ongoing campaign to raise awareness of Corporate Tax among business sectors, the Federal Tax Authority (FTA) held its third workshop of the year in Ras Al Khaimah (RAK). The session aimed to familiarise participants with the rules for determining taxable income under the Corporate Tax framework.

Nationwide educational efforts to continue through 2025

In a press statement issued today, the FTA confirmed that this workshop is part of a broader series of awareness events—delivered both virtually and in person across all emirates—which will continue throughout 2025.

Thousands benefit from previous workshops

The FTA reported that over 2,300 participants have attended the three recent workshops held in Dubai, Abu Dhabi, and RAK. These included representatives from business sectors and stakeholders from both public and private entities involved in taxation.

Urgent call for prompt registration

During the workshop, the FTA stressed the importance of prompt registration for Corporate Tax. Entities subject to the tax who have not yet registered were urged to submit their applications promptly to benefit from a Cabinet decision exempting them from administrative penalties for late registration.

Conditions to qualify for exemption from penalties

The FTA clarified that to benefit from the exemption initiative, registered entities must submit their tax returns (or annual declarations) within seven months from the end date of their first tax period. This is a key condition to qualify for penalty exemption under the Cabinet decision.

Rule applies to first tax period only

The FTA further specified that the condition of submitting tax returns within the seven-month window applies exclusively to the first tax period—regardless of whether the return is due before or after the decision’s effective date.

Commitment to enhancing compliance support

The Authority reaffirmed its commitment to continuously enhancing the services it provides to support business sectors. This includes a range of ongoing awareness initiatives aimed at fostering a tax environment conducive to voluntary compliance, with information presented clearly and accessibly.

Interactive Q&A session with stakeholders

The workshop in RAK saw participation from around 440 stakeholders involved in Corporate Tax implementation, including officials from various public and private sector entities. FTA representatives responded to participant questions during the session.

In-depth guidance on corporate tax law

During the session, FTA representatives delivered a comprehensive explanation of the Corporate Tax Law and related regulations. They covered compliance requirements, registration via the “EmaraTax” platform, criteria for identifying taxable persons, applicable rates and tax periods, and the overall implementation mechanism under the law.

 
June 24, 2025 / 11:10 PM

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