The Federal Tax Authority (FTA) in the United Arab Emirates (UAE) has reported record levels of corporate tax compliance with over 640,000 businesses registered in the first year under the new corporate tax regime with the most businesses filing their returns and settling the payments within legal deadlines.
In line with the UAE’s commitment to create a transparent, efficient and investor-friendly tax environment that fosters business confidence and encourages voluntary compliance, the UAE government exempted corporate taxpayers from administrative penalties for late registration, provided they file returns within seven months of their first tax period.
The exceptional compliance rate is also result of the advanced, user-friendly digital infrastructure. The EmaraTax platform has enabled companies to register, file, and pay their dues seamlessly, even during peak periods, supported by real-time responsive customer service.
Do you need to register your UAE company for Corporation Tax, file corporate tax return or VAT returns? Leave that to us and focus on growing your business.
Contact us today
+971 521 521 330
