Timeline Announced for Corporate Tax Registration
The Ministry of Finance has announced the approval of an administrative penalty of AED 10,000 for delays in Tax Registration. This penalty will be imposed in cases where there is a delay in registration within the Corporate Tax Registration specified by the Federal Tax Authority. This falls under Cabinet Resolution No. (10) of 2024, which amends the schedule of violations and administrative penalties outlined in Cabinet Decision No. 75 of 2023 regarding Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses. The resolution will take effect on March 1, 2024.
Experts at RVG can assist you with your Tax Registration process to ensure compliance and avoid penalties.
