Who Is Eligible?
To benefit from the waiver:
Businesses and eligible exempt entities must submit their corporate tax returns or annual statements within seven months from the end of their first tax period.
The submission must be in accordance with the guidelines and deadlines outlined in the UAE Corporate Tax Law.
This initiative applies to both mainland and free zone entities, including those previously unaware of their registration obligations.
Refund of Already Paid Fines
In a further positive step, the FTA has announced that businesses which have already paid penalties—but now meet the conditions of the waiver—will be eligible for refunds. This gesture is expected to provide much-needed financial relief and enhance trust in the new tax system.
Why This Matters
This move reflects the UAE government’s broader vision to:
- Simplify tax compliance procedures.
- Encourage early and voluntary compliance.
- Ease the financial burden on businesses, especially during the first year of corporate tax implementation.
- Maintain the UAE’s attractiveness as a global hub for investment and entrepreneurship.
At Fiscal Bricks, we welcome this initiative and strongly urge all businesses to take advantage of this opportunity. Timely compliance not only helps avoid penalties but also positions your business for smoother operations in the long term.
Need Help Navigating the New Corporate Tax Regime?
Our expert team at Fiscal Bricks is here to guide you through the registration process, filing requirements, and help you determine whether you qualify for the waiver or a refund.
Contact us today to ensure your business stays compliant and financially optimized in the UAE’s evolving tax landscape.