Under the UAE’s corporate tax regime, businesses must adhere to the principle of self-assessment, meaning they are responsible for ensuring the accuracy and compliance of the documents submitted to the FTA.
The new regime provides taxpayers with up to 21 months from the start of their financial year to prepare for filing and make their tax payments.
For instance, businesses with a financial year starting on June 1, 2023, and ending on May 31, 2024, have until February 28, 2025, to file their corporate tax returns and settle payments.
Similarly, for businesses with a tax period from January 1, 2024, to December 31, 2024, the deadline for filing returns and making payments is between January 1 and September 30, 2025.