On 25 September 2024, the Federal Tax Authority (FTA) issued Decision No. 7 of 2024, extending the UAE Corporate Tax return filing and payment deadline for certain entities. Originally due by 30 September 2024, the new deadline has been extended to 31 December 2024 for tax periods ending on or before 29 February 2024.
This extension applies to two main groups of taxable persons:
- Entities that ceased to exist (due to liquidation or other reasons) on or before 29 February 2024.
- Entities incorporated between 1 June 2023 and 1 September 2023 with a short tax period ending by 29 February 2024, following specific financial years.
| Short First Tax Period End Date | Incorporation Date | Financial Year | Return Filing Due Date |
| 31 December 2023 | Between 1 June 2023 to 1 July 2023 | January to December | 31 December 2024 |
| 31 January 2024 | Between 1 June 2023 to 1 August 2023 | February to January | 31 December 2024 |
| 29 February 2024 | Between 1 June 2023 to 1 September 2023 | March to February | 31 December 2024 |
Penalty Exemption for Incorrect Returns Filed by Initial Deadline
The clarification indicates that penalties for incorrect tax returns filed by the original deadline of 30 September 2024 will not be imposed due to the extension granted under FTA Decision No. 7 of 2024. Specifically, the AED 500 penalty outlined in Violation No. 9 of the Table of Violations and Administrative Penalties (Cabinet Decision No. 75 of 2023) will not apply.
Should you require further guidance or have any inquiries regarding this matter, please do not hesitate to reach out.
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