The UAE’s Federal Tax Authority (FTA) has urged taxpayers to complete their tax applications by the end of this month to avoid penalties.

According to Cabinet Decision No. 75 of 2023, non-compliance with tax filing regulations under Federal Decree-Law No. 47 of 2022 could result in administrative penalties. The FTA emphasized the importance of timely submissions to prevent disruptions and additional costs for businesses.

Failure to submit tax applications by the stipulated deadline will attract fines as outlined by the UAE tax regulations.

Past instances have shown a rise in penalties among late filers, with businesses facing administrative complications and financial burdens. Experts warn that neglecting the tax application process can lead to hefty fines, which may impact the business’s financial standing and reputation.