Dh10,000 Fine for Late Registration of Corporate Tax

The United Arab Emirates (UAE) has implemented a new penalty of Dh10,000 (approximately $2,722) for businesses that fail to register for corporate tax on time. This measure, announced by the Ministry of Finance on February 27, 2024, aims to encourage businesses to comply with tax regulations and register within the designated deadlines.

This recent development highlights the importance for businesses operating in the UAE to stay informed about tax regulations and deadlines to avoid potential penalties.

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