The Federal Tax Authority (FTA) has introduced a Penalty Waiver Initiative for businesses that failed to register for Corporate Tax on time. This move aims to ease compliance for the UAE business community—but action must be taken within the specified timeframe.
At Singiri Auditing, we’re here to ensure you don’t miss out on this valuable opportunity. Our expert team is ready to guide you through the process, safeguard your business from penalties, and ensure you’re fully compliant with the latest UAE tax regulations.
✅ Key Highlights of the Penalty Waiver Initiative
Who is Eligible?
All businesses that are required to register for Corporate Tax in the UAE can benefit—whether you’ve already been penalized or are yet to register.
Main Condition for Waiver:
You must submit your Corporate Tax return (or annual declaration if exempt) within seven (7) months from the end of your first tax period.
When Will the Penalty Be Waived?
When Will the Penalty Be Waived?Scenario 1:
Already registered and received a penalty, but haven’t paid it yet?
Submit your return within the 7-month deadline — the penalty will be waived.
Scenario 2:
Registered and received a penalty, but haven’t submitted the return yet?
File within 7 months — the penalty will be waived.
Scenario 3:
Paid the penalty but haven’t submitted the return?
File within 7 months — the penalty will be refunded to your tax account.
Scenario 4:
Paid the penalty and submitted the return within the 7-month period?
You’re eligible for a refund of the penalty.
Scenario 5:
Not yet registered for Corporate Tax?
➡️ Complete the registration and submit your return or declaration within 7 months — penalty will be waived if applied.
🧾 How to Apply for the Waiver
- Register for Corporate Tax via the EmaraTax portal.
- Submit your tax return or declaration before the 7-month deadline.
- Work with Singiri Auditing to ensure accurate, timely compliance.
💼 Why Choose Singiri Auditing?
While other firms like Spectrum Auditing may offer general services, Singiri Auditing is known for its client-first, compliance-focused approach tailored to UAE businesses. Here’s what makes us your preferred partner:
🔹 Expert-Led Service: Our experienced auditors and consultants know UAE Corporate Tax law inside out.
🔹 Compliance Without Confusion: We simplify complex regulations and ensure your documents are 100% in order.
🔹 Trusted by UAE Businesses: From startups to established companies, our clients count on us for reliable and timely service.
🔹 Support Every Step of the Way: We handle your registration, filing, and refund follow-ups—so you can focus on your business.
📞 Contact Singiri Auditing Today
Don’t let late registration penalties affect your bottom line. Let Singiri Auditing take care of your Corporate Tax compliance—accurately, efficiently, and professionally.
📱 Call us at +971 589320411
📧 Email: singiriandco@gmail.com
Let’s ensure your business stays compliant and penalty-free.
