Beri R & Associates - Best CA Firm Delhi India, CA Firm Near Me Income Tax GST Company NBFC IPO FDI ECB Tenders USA UAE LLC
8 months ago
Dear Members,
The entities who had failed to register for Corporate Tax within the due date, had to pay a Penalty of AED 10,000. Demand Notice to pay Penalty was issued to such Companies.
The UAE Ministry of Finance and Federal Tax Authority (FTA) have just announced yesterday a new initiative to waive penalties for businesses and certain exempt entities that missed the deadline to register for corporate tax.
To qualify for the waiver, eligible companies must file their corporate tax returns or annual statements within seven months from the end of their first tax period, as outlined in the Corporate Tax Law.
The entities who had failed to register for Corporate Tax within the due date, had to pay a Penalty of AED 10,000. Demand Notice to pay Penalty was issued to such Companies.
The UAE Ministry of Finance and Federal Tax Authority (FTA) have just announced yesterday a new initiative to waive penalties for businesses and certain exempt entities that missed the deadline to register for corporate tax.
To qualify for the waiver, eligible companies must file their corporate tax returns or annual statements within seven months from the end of their first tax period, as outlined in the Corporate Tax Law.
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