Federal Tax Authority
FTA Corporate Tax Late Registration Penalty Waiver Initiative Beneficiaries Expected to Rise to 91,000
FTA reports over 68,600 taxable persons have benefited from the Corporate Tax late-registration penalty waiver (available where the tax return is filed within 7 rather than 9 months of the first tax period end), applied retroactively to penalties incurred since 1 June 2023, with roughly 22,000 more taxpayers eligible.
What firms should do
Informational — eligible taxpayers already penalised should confirm the automatic credit was applied to their account
- Regulator
- Federal Tax Authority
- Type
- News Announcement
- Status
- Final/In Force
- Published
- 14 May 2026
- Reference
- Implements Cabinet Decision on penalty waiver, April 2025
- Topic
- Corporate Tax
- Impact
- Low
Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.
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