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The UAE's Federal Tax Authority (FTA) has recently announced a significant relief measure for businesses that missed the deadline for corporate tax registration. Under the new initiative, companies can have their late registration penalties waived, provided they meet specific conditions.
### What is the Penalty Waiver?
Businesses that failed to register for corporate tax on time were previously subject to a penalty of AED 10,000. However, the FTA's latest decision allows for this penalty to be waived if the company submits its corporate tax return within **seven months from the end of its first tax period**.
### Who is Eligible?
This applies to:
- SMEs and startups
- Freelancers and solo entrepreneurs
- Foreign entities with UAE operations
### How to Avail the Waiver
1. Register for corporate tax through the [EmaraTax portal](https://eservices.tax.gov.ae).
2. Submit your first return or declaration **within 7 months** from the end of your first tax period.
3. If you already paid the AED 10,000 penalty, check your tax account for a refund.
### Why This Matters
This penalty waiver is a golden opportunity for late registrants to comply **without financial setback**. It shows the FTA’s willingness to encourage compliance over punishment.
### How CAPS Accounting Can Help
At CAPS Accounting, we offer:
- Quick and efficient tax registration
- Timely tax return filings
- Advisory to avoid future penalties
**Act Now:** This waiver won’t last forever. Register, file, and comply — and let us handle the stress for you.
Call us at **0566854491** or visit [www.capsaccounts.com](https://www.capsaccounts.com) to get started.
For detailed information on this refer to FTA's official website (www.tax.gov.ae)
