Federal Tax Authority Resolution No. 7 of 2024 sets new deadlines for companies registered after June 1, 2023
The Federal Tax Authority (FTA) issued Resolution No. 7 of 2024 extending the deadlines for filing corporate tax returns and settling taxes for taxable persons registered after June 1, 2023. Based on Federal Decree-Law No. 47 of 2022 on Corporate and Business Tax and its amendments (โCorporate Tax Lawโ) and related executive decisions, the FTA has been granted the authority to set alternative filing dates for taxable persons.
On September 25, 2024, the FTA issued Resolution No. 7 of 2024, postponing the deadlines for filing tax returns and settling corporate tax for certain tax periods, in accordance with the Corporate Tax Law. This resolution requires all taxable persons to file their corporate tax returns and pay the tax due to the Federal Tax Authority within nine months of the end of the tax period, or by another date determined by the Authority.
Under Resolution No. 7 of 2024, any taxable person established, registered, or recognized under UAE legislation on or after June 1, 2023, and whose tax period ends on or before February 29, 2024, must file their tax return and settle any corporate tax due by December 31, 2024.
This resolution does not apply to taxable persons whose tax period ends after February 29, 2024, as administrative penalties associated with filing tax returns and settling corporate tax for this category will commence on January 1, 2025.
