In a landmark move to reinforce its commitment to a transparent, compliant, and business-friendly environment, the UAE has unveiled a Penalty Waiver Initiative for late corporate tax registrations.
Announced by the Ministry of Finance (MoF) and Federal Tax Authority (FTA), this initiative is designed to ease the transition into the Corporate Tax system while encouraging timely and voluntary compliance among businesses across the country.
As companies adapt to the new tax framework, this initiative offers a crucial opportunity to register without facing penalties — ensuring a smoother integration into the UAE’s evolving financial landscape.