In a significant development for UAE businesses, the tax authority has extended the deadline for companies licensed in June 2023 to file their first corporate tax returns. Originally, the filing deadline was set for September 30, 2024. Now, companies have until December 31, 2024, providing much-needed relief for businesses that were scrambling to meet the original deadline.

Who Does This Apply To?

The extension specifically applies to businesses that were incorporated in June 2023. These companies were required to file their first corporate tax return by the end of September 2024, but the tax authority has now pushed the deadline back to the end of the year.

This extension will allow businesses more time to prepare their tax filings, ensuring they remain compliant without the pressure of a rapidly approaching deadline.

Tax Filing Timelines for Different Incorporation Dates

The UAE’s corporate tax law sets specific deadlines based on a company’s incorporation date and financial year. Here’s a breakdown of how these timelines apply:

• Incorporation Date: May 1, 2023
  • Financial Year: January 1, 2024, to December 31, 2024
  • First Tax Period: January 1, 2024, to December 31, 2024
  • Filing Deadline: September 2025
• Incorporation Date: June 1, 2023
  • Financial Year: January 1, 2023, to December 31, 2023
  • First Tax Period: June 1, 2023, to December 31, 2023
  • Original Filing Deadline: September 30, 2024
  • New Filing Deadline: December 31, 2024
• Incorporation Date: July 1, 2023
  • Financial Year: January 1, 2023, to December 31, 2024
  • First Tax Period: July 1, 2023, to December 31, 2024
  • Filing Deadline: September 30, 2025

For the vast majority of UAE companies operating on a January to December financial year, their first corporate tax filing deadline will be September 2025, based on their 2024 financial results. However, the June 2023 cohort was initially set to meet an earlier deadline—now extended to December 2024.

What Does This Mean for Businesses?

This extension is a clear indication that the tax authority is taking into account the practical challenges businesses face in complying with the new corporate tax regulations. With more time to prepare, businesses can ensure that their filings are accurate and compliant with the new tax laws, thereby avoiding penalties.

At NH Management, we understand that navigating the complexities of corporate tax can be challenging, especially with new regulations and deadlines constantly evolving. Whether you’re dealing with an upcoming corporate tax filing or preparing for future compliance, our expert consultants are here to guide you through every step.

Why Timely Compliance Matters

The introduction of Corporate Tax in the UAE is a significant development in the country’s tax landscape, and it is essential for businesses to align their practices with the new regulations. Timely registration not only helps avoid penalties but also ensures that businesses can operate smoothly within the regulatory framework.

For businesses seeking further guidance on Corporate Tax registration, NH Management offers expert consultancy services tailored to your specific needs. Our consultants can assist with navigating the registration process, ensuring that your company meets all tax obligations on time.

Talk to UAE Corporate Tax Consultants

Don’t wait until the last minute to ensure compliance with the UAE’s corporate tax regulations. Contact our experienced tax advisory team today for personalized guidance on your company’s specific tax filing needs. 

If you’re unsure about your Corporate Tax registration or need professional assistance to ensure compliance, contact us Our experienced consultants are here to help you navigate the UAE’s evolving tax regulations. Reach out to us at info@nhmanagement.com or call +971 4 2221327 for expert advice.