Huge volume of tax returns reflects efficiency of procedural systems

The Federal Tax Authority (FTA) has issued a statement expressing its gratitude and appreciation to the large number of Corporate Taxpayers who have achieved high compliance ratesexceeding internationally targeted averages regarding registration with the Authority and within the legal timeframes specified for each category.

- Staff Reporter, Gulf Today

With many taxpayers meeting their obligations in filing tax returns and annual declarations and paying due taxes within the prescribed periods, the FTA also noted that processing this large volume of returns reflects the success and efficiency of the legislative and procedural tax system, which aligns with international best practices and provides the latest digital compliance mechanisms, globally.

The statement also revealed that the response received suggests that sufficient information and guidance to enhance tax awareness, assist businesses, and enable them to comply voluntarily with ease and accuracy has been provided - across a number of awareness campaigns, by the Authority.

Khalid Ali Al Bustani, Director General of the Federal Tax Authority, announced that the number of Corporate Tax registrants has exceeded 640,000. His Excellency noted that this represents a strong response from registrants filing returns and remitting Corporate Tax ahead of the filing and payment deadline. The deadline being the end of September 2025 - for the tax period (financial year) ended 31 December 2024.