Have you heard of the Federal Tax Authority’s (FTA) decision to postpone the deadline for filing for your tax return?
The deadline to file for a tax return and settle your corporate taxes has been postponed to 31.12.2024 for Businesses incorporated, established or recognized on or after 1st of June 2023 for Tax periods ending on or prior to 29th of February of 2024.
you can refer to the official law document.
The decision comes in light of the circular memo submitted to the FTA’s Board of Directors and approved to establish an extended deadline to file for your tax returns and settle your Corporate Tax Payable.
We at IAC assist you in handling your corporate tax payable and ensure compliance of your business to regulations, as well as advise you on regulatory change if needed.
Get in touch with our Tax Consultants to learn more by clicking here.
Frequently Asked Questions (FAQs)
What are the benefits of using a tax consultancy firm?
A tax consultancy firm helps manage taxes effectively, ensures compliance with tax laws, and provides advice on regulatory changes to avoid risks.
Why should companies regularly follow tax updates?
To ensure the company complies with new laws and avoid violations that may affect business operations and the company's reputation.
How can I get tax consultation to help me comply with laws?
You can contact specialized consultancy firms like the International Consultancy & Auditing Center for free consultations and professional assistance.
How do tax consultations help reduce financial risks for my company?
Tax consultations help identify obligations early and ensure timely filing of returns, reducing the likelihood of fines and financial penalties that may cause losses to the company.