The Federal Tax Authority (FTA) has announced that businesses must complete Corporate Tax registration within 90 days from the Date of Incorporation / MOA.
The Federal Tax Authority (FTA) has announced a significant new decision regarding tax compliance requirements, specifically targeting unincorporated partnerships, foreign partnerships, and family foundations. This decision aligns with the provisions outlined in Federal Decree-Law No. 47 of 2022, which pertains to the taxation of corporations and businesses, along with its amendments.
The new guidelines aim to clarify and enhance tax compliance protocols for these entities, ensuring they meet their obligations under the latest legislative framework. The decision is expected to streamline tax procedures and improve revenue collection, while also providing clearer directions for entities to adhere to federal regulations.
For more insights, explore our blog covering how the new FTA decision impacts partnerships and family foundations.
