The Federal Tax Authority (FTA) has intensified its push for corporate tax compliance, drawing nearly 940 business representatives and stakeholders to a recent workshop held in Abu Dhabi.
The event is part of a nationwide initiative to educate businesses and encourage timely registration to avoid penalties.
The workshop series is designed to support entities in understanding and meeting obligations under the UAE’s Corporate Tax Law. A key focus was the Cabinet Decision offering exemption from administrative fines to corporate taxpayers and exempt persons who submit their registration applications within the legally stipulated period.
FTA officials reiterated that to qualify for the exemption, registrants must file their tax returns or annual declarations within seven months from the end of their first tax period. The exemption applies solely to the first tax period, regardless of when the return is due in relation to the decision’s effective date.
During the session, experts provided detailed guidance on determining income subject to tax, accounting standards, and financial reporting requirements. Topics included the accrual basis of accounting, recognition of income and expenses, and the treatment of financial assets and liabilities in line with IFRS.
The FTA also demonstrated how to register through EmaraTax, the Authority’s digital services platform, and outlined key provisions of the Corporate Tax Law, including applicable rates, tax periods, and compliance mechanisms.
This workshop is part of the FTA’s broader campaign, launched in 2023, to roll out educational sessions across the UAE, both in-person and online. The Authority emphasised its commitment to fostering voluntary compliance through accessible, technology-driven outreach and urged taxpayers to consult its official website for updated guides and decisions.
News Source: Emirates News Agency
