Note: The Ministry of Finance (“Ministry”) has not released the final law on the Corporate Taxes as of today yet, however this is extracted from the Public Consultation Document on UAE Corporate Tax released by the Ministry of Finance, UAE and this needs to be re-confirmed with the final law to be issued by the Ministry before taking any decision.
What are the rules relating to filing of CT returns, payment and refund of CT under UAE Corporate Tax regime?
No advance CT payment: In order to keep the administrative burden on taxpayers to a minimum, a business will only need to prepare and file one tax return and other related supporting schedules with the FTA for each tax period. There will be no requirement for a business to file a provisional CT return and make advance payments of CT.
CT returns filing deadline: Each tax return and related supporting schedules will need to be submitted to the FTA within nine (9) months of the end of the relevant Tax Period.
CT payment deadline: Payments to settle a taxpayer’s CT liability for a Tax Period will need to be made within nine (9) months of the end of the relevant Tax Period. Where a taxpayer can demonstrate that a CT refund may be due, the taxpayer can apply to the FTA to request a refund.
The table below illustrates the CT filing and payment deadlines for businesses with financial year ends of 31 March, 30 June and 31 December:
|Illustrative timetable for UAE Corporate Tax returns filing and payment deadlines
|Financial year end||30 June||31 December||31 March
|First Tax period||1 July 2023 – 30 June 2024||1 January 2024 – 31 December 2024||1 April 2024 – 31 March 2025
|Filing & payment deadline#||31 March 2025||30 September 2025||31 December 2025|
# UAE Corporate Tax return must be filed and Corporate Tax must be paid within 9 months from the end of the Tax Period.
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