The Ministry of Finance (MoF) and the Federal Tax Authority (FTA) have announced the issuance of a Cabinet Decision regulating the waiver of fines for corporate taxpayers and certain exempt individuals who failed to submit their tax registration applications within the prescribed deadlines.
To benefit from the waiver, taxpayers must submit their tax return or annual statement within seven months from the end of their first tax period, as stipulated by the Corporate Tax Law.
Tax Fine Waiver in the UAE
The aim of the initiative is to encourage taxpayers to file their tax returns and annual reports before the deadline, thereby promoting early compliance with legal requirements.
In addition, the FTA confirmed that administrative fines previously imposed for late registration will be refunded to those who meet the waiver conditions.
