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FTA holds workshop on Corporate Tax rules for Family Foundations

Gulf Today

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July 04, 2025

The Federal Tax Authority (FTA) hosted a workshop in Abu Dhabi to shed light on Corporate Tax rules for Family Foundations and the conditions needed to categorize an entity as a Family Foundation under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (‘Corporate Tax Law”). This event is part of the FTA’s ongoing campaign to raise awareness on Corporate Tax topics across UAE business sectors, ensuring smooth implementation and encouraging voluntary compliance.

- Staff Reporter, Gulf Today

FTA holds workshop on Corporate Tax rules for Family Foundations

The workshop attracted a large turnout and was attended by 290 of those concerned with the Family Foundations sector, as well as a number of officials from the concerned authorities in the public and private sectors.

During the workshop, the Authority renewed its invitation to taxpayers still unregistered for Corporate Tax to expedite the submission of their Corporate Tax registration applications, to benefit from the initiative to exempt certain categories of Taxable Persons required to register for Corporate Tax with the FTA and waive administrative penalties resulting from the delayed submission of registration applications due within the specified legal period.

The FTA added that the exceptional requirement to benefit from the exemption is to file the Tax Return (or annual declaration) within a period not exceeding seven months from the end of the Tax Period. This applies only to the first Tax Period of the Taxpayer (or Exempt Person required to register for Corporate Tax), regardless of whether the due date of the first Tax Return (or first annual declaration) is before or after the implementation of the new decision.

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