Corporate Tax Filing Deadline Postponed for Short Tax Periods Ending on or before 29th February 2024

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The Federal Tax Authority (FTA) has announced an important update for businesses regarding the Corporate Tax filing deadline. Under FTA Decision No. 7 of 2024, businesses with a first Corporate Tax period shorter than 12 months, ending on or before 29th February 2024, now have until 31st December 2024 to file their Tax Returns and settle their Corporate Tax Payable.

This extension applies to companies incorporated, established, or recognized after 1st June 2023, which experienced a shortened first tax period. The postponement offers businesses more time to meet their obligations, easing administrative pressures and helping avoid potential penalties. The FTA encourages all businesses to take advantage of this extended deadline to ensure timely and accurate filings.

Should you require assistance with your tax filing, we encourage you to contact us here. We are ready to provide you with comprehensive guidance and support, ensuring that you meet your tax obligations efficiently and on time.