The Federal Tax Authority invites those subject to corporate tax to submit their returns

The Federal Tax Authority called on those subject to corporate tax to submit their tax returns and pay the corporate tax payable for their respective tax periods within the specified legal periods.

She indicated that, as part of its commitment to support and encourage business sectors to comply with voluntary taxes easily and efficiently, the Authority last September issued its Resolution No. (7) of 2024 to postpone the deadline for submitting the tax return and paying the corporate tax payable to December 31, 2024 for established taxable persons. or were created or recognized on or after June 1, 2023 and whose first tax period ended on or before February 29, 2024. (For example tax periods ending in December 2023, January 2024 or February 2024)

In a press release today, the Authority called on those subject to corporate tax whose tax periods ended on or before February 29, 2024, to submit their tax returns and pay the corporate tax due for their first tax period before December 31, 2024, in order to avoid imposing administrative fines on them in the event of failure to adhere to the legally specified deadlines for filing. Tax returns and payment of corporate tax dues

The Authority indicated that, with the exception of specific taxable persons whose deadline for submitting their first returns and paying the corporate tax payable pursuant to the Authority’s decision in this regard has been extended; Those subject to corporate tax must submit their returns and pay the corporate tax payable to the Authority within a period not exceeding nine months from the end of their tax period.

His Excellency Khaled Ali Al Bustani, Director General of the Authority, stressed the necessity of submitting tax returns within the time periods specified for each tax period, pointing out that all businesses registered for corporate tax must submit their tax returns periodically within the periods specified under the Corporate Tax Law.

His Excellency Khaled Al-Bustani pointed out that the Authority’s representatives communicate continuously with those subject to the tax to learn their opinions and discuss ways to overcome any obstacles they may face in a way that ensures the efficiency of implementing the corporate tax law and does not affect their economic activities.

The Federal Tax Authority called on those subject to corporate tax to review the corporate tax law, other legislation, decisions, clarifications and awareness issues related to corporate tax available on the authority’s website via the link