First Tax Period | Important Deadline - 30 September 2024

12 September 2024 - On 30 July, the Federal Tax Authority (FTA) in the United Arab Emirates (UAE) issued a public clarification regarding the First Tax Period of a Juridical Person for the purposes of the Federal Decree Law No. 47 of 2022 (UAE CT Law). In continuation of our earlier communication released on 12 August 2024, we draw your attention to special considerations and upcoming deadlines in the case of Companies/Businesses incorporated or set up between 1 June to 30 June 2023.

The taxpayers must review their facts and ensure that the covered entities are filing their tax returns by 30 September 2024. We expect more communication from the FTA in coming days about the tax return form and hence updates from the FTA should be monitored to ensure the deadline is not missed.

Contacts

We have a dedicated Business Tax team based in the UAE who have in-depth experience and can support you throughout your readiness journey. Please get in touch with one of our tax experts listed on the following page.

You can also contact us and submit all your queries on this email cituae@deloitte.com.