UAE urges businesses to file tax returns on time to avoid fine

COMPANIES WHOSE FINANCIAL YEAR ENDED ON DEC 31 HAVE UNTIL SEPT 30

- BY DHANUSHA GOKULAN

The Federal Tax Authority (FTA) has issued a final and urgent reminder to all Corporate Tax taxpayers in the UAE to complete their tax records, submit their tax returns, and pay any due taxes within the stipulated deadlines.

The announcement, made by the FTA on Tuesday, emphasises that businesses whose financial period ended on December 31, 2024, have until September 30, 2025, to ensure full compliance.

This nine-month timeframe from the end of the tax period is a fundamental legal obligation.

Fines and penalties

The FTA has clarified that failure to comply will result in administrative fines and penalties, serving as a critical call to action for thousands of businesses across the emirates to avoid last-minute rush and potential noncompliance charges.