Corporate Tax in the UAE is regulated by Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments ("Corporate Tax Law"), and its implementing decisions.
The Corporate Tax Law gives the Federal Tax Authority ("FTA") the right to provide an alternative deadline for Taxable Persons to file a Tax Return¹ and settle the Corporate Tax Payable.
Therefore, the FTA Decision No. 7 of 2024 on the Postponement of the Deadline to File a Tax Return and Settle the Corporate Tax Payable for Certain Tax Periods for the Purposes of Federal Decree- Law No. 47 of 2022 on the Taxation of Corporations and Businesses and its amendments ("FTA Decision No. 7 of 2024") has been issued to postpone such deadlines.
FTA Decision No. 7 of 2024 is effective from 25 September 2024.
This Public Clarification intends to clarify the new deadline by which certain Taxable Persons are required to file a Tax Return and settle the Corporate Tax Payable with the FTA for Corporate Tax purposes, and to whom this e...