Corporate Tax Return Due on 31 December 2024
Corporate Tax Return Filing | YUGA Accounting | Tax Consultancy | UAE | Dubai

Corporate Tax Return Filing

Ensuring timely compliance with the UAE Corporate Tax Law is vital for businesses to avoid penalties and maintain smooth operations. This article serves as a reminder about the deadline for Corporate Tax (CT) return filing and the importance of staying aligned with Federal Tax Authority (FTA) regulations.

Check Your CT Return Filing Due Date

If your business is registered for Corporate Tax, it is essential to determine your CT return filing due date. The deadline for filing CT returns is 9 months from the end of your financial year. To confirm the exact due date, refer to your Corporate Tax Registration Certificate. Within this period, you must:

  1. File the CT returns with the FTA.
  2. Pay the corporate tax amount due to the FTA.

Penalties for Non-Compliance

Missing the CT return filing deadline or failing to pay the corporate tax on time can lead to penalties:

  • Monthly penalty: AED 500 to AED 1,000 for delays.
  • Additional penalties: For other non-compliances, which could significantly impact your business.

To avoid such consequences, ensure you adhere to the FTA’s guidelines and fulfill your tax obligations within the stipulated timeframe.

Corporate Tax Return Filing | YUGA Accounting | Tax Consultancy | UAE | Dubai Why Timely CT Filing is Important?

The UAE Corporate Tax framework requires businesses to file their CT returns accurately and on time. Non-compliance can lead to the following consequences:

    • Penalties for late filing.
    • Potential audits and increased scrutiny from the Federal Tax Authority (FTA).

By filing on time, you can:

  • Avoid financial penalties that may impact your cash flow.
  • Maintain your business’s reputation for compliance and transparency.

What You Need to Do?

  1. Prepare Your Financial Data: Ensure all relevant records are up to date, including income statements, expenses, and any deductible items.
  2. Settle Any Tax Liabilities: Make timely payments for any taxes due to avoid late payment penalties.
  3. File Your Corporate Tax Return: Submit your CT return through the FTA portal before the deadline.

Our Services to Help You 

We understand that preparing for Corporate Tax compliance can be complex. Our team is here to simplify the process for you by offering:

  • Timely Filing: Submission of your returns to the FTA, ensuring compliance with all deadlines.
  • Tax Return Preparation: Comprehensive review of your financials to prepare accurate CT returns.

FOR MORE INFORMATION, CONTACT US :

Phone : +971 52 1952 532 / +971 4 240 1110

Mail-Id : info@yugaaccounting.com

Website : www.yugaaccounting.com

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