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Cabinet Grants Grace Period for Tax Record Amendments Without Penalties

The Cabinet has approved a grace period allowing registrants to update their tax records with the Federal Tax Authority (FTA) without incurring administrative penalties.

Grace Period for Tax Record Amendments Approved

A grace period has been decided by the Cabinet for registrants to amend information related to their tax record kept by FTA without the imposition of administrative penalties.

Federal Tax Authority Cabinet Decision No. 100 of 2024

The Federal Tax Authority has issued Cabinet Decision No. 100 of 2024, amending the Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax, effective November 15, 2024.

FTA Extends Corporate Tax Deadline

The Federal Tax Authority (FTA) has issued Decision No. 7 of 2024, extending the filing and payment deadlines for certain tax periods under Federal Decree-Law No. 47 of 2022.

URGENT: Corporate Tax Registration Due by 30th September!

Reminder: Register for Corporate Tax

To avoid penalties as per FTA Decision No. 3 of 2024

FTA Sets Corporate Tax Registration Deadline

FTA Decision No. 3 of 2024 urges prompt registration by Taxable Persons to avoid penalties

Federal Tax Authority introduced Decision No. 4

Effective July 1, 2024, the Federal Tax Authority introduced Decision No. 4 of 2024 to enhance communication with taxpayers and ensure self-compliance

UAE central bank approves licensing system for stable coins

FTA Clarification

FTA has clarified the distinction between Manpower Services and Visa Facilitation Services and VAT treatment

FTA issues Public Clarification on corporate tax registration timeline

Gulf countries accelerating their CBDC initiatives to enhance cross-border payment efficiency

FTA issued a new Public Clarification

FTA issued a new Public Clarification outlining the registration timelines for corporate tax for taxable persons

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About SS&Co.

Established in 2017, Sidra Salman & Co. Chartered Accountants LLC operates offices in the UAE, KSA, Pakistan, and the UK. We provide Financial Advisory, Tax, Accounting, Audit, HR Advisory, IT Advisory, Data Automation and Analytics, and Regulatory services related to Virtual Assets and Digital Securities to over 500 clients across various industries. As an ACCA-approved employer, SSCo Global ensures high standards in staff development.

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Woman showcasing satisfaction and productivity.
Hands joined together, symbolizing teamwork and collaboration.

About SS&Co.

Established in 2017, Sidra Salman & Co. Chartered Accountants LLC operates offices in the UAE, KSA, Pakistan, and the UK. We provide Financial Advisory, Tax, Accounting, Audit, HR Advisory, IT Advisory, Data Automation and Analytics, and Regulatory services related to Virtual Assets and Digital Securities to over 500 clients across various industries. As an ACCA-approved employer, SSCo Global ensures high standards in staff development.

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Your Preferred Partner
EXCELLENCE

WHY CHOOSE US?

Unparalleled Compliance Expertise

We help navigate complex regulatory landscapes, ensuring your business stays compliant and resilient in a dynamic market

Indepth Industry Expertise

With years of industry experience, we tailor our services to your sector's unique challenges and opportunities

Expert Knowledge of Regional Laws

Our mastery of local laws ensures precise, strategic guidance that protects your business interests and fosters growth within regional landscapes

Commitment to Excellence

Our due diligence and dedication ensure top-tier financial services that drive your success.

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