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.