The UAE Federal Tax Authority (FTA) has reminded all businesses of their obligation to file corporate tax returns within nine months of the end of their financial year. This requirement applies to all taxable persons, including those exempt but still required to register, in line with UAE corporate tax regulations.
The FTA has stressed that filing early is strongly encouraged, as waiting until the deadline may lead to delays or penalties. Corporate tax payments should also be made ahead of time to ensure funds are processed successfully. Late or last-minute electronic transfers may not be cleared instantly by banks, potentially resulting in overdue payment fines.
Businesses are urged to carefully review their tax periods, confirm filing deadlines, and submit both returns and payments through the EmaraTax digital platform, which provides round-the-clock access and the latest updates. Importantly, the FTA clarified that filing and payment do not need to be completed simultaneously, provided both are completed within the set timeframe.
For companies with a financial year ending on 31 December 2024, tax return filing is already open via EmaraTax. Payments should also be settled well before the 30 September 2025 deadline, allowing sufficient time for processing.
At Mac & Ross Chartered Accountants, we continue to support businesses in meeting their UAE corporate tax compliance requirements effectively and on time.
