The Federal Tax Authority (FTA) held an informative workshop in Dubai today focused on the ‘Rules for Determining Income Subject to Corporate Tax.’ This event is part of the FTA’s ongoing campaign aimed at raising awareness of corporate tax among various business sectors and taxpayers.

The FTA’s initiative aims to educate eligible taxpayers about their obligations and payment procedures under the corporate tax law, which has been in effect for two years. The authority emphasized that the campaign seeks to foster an environment of voluntary compliance and to disseminate knowledge about pertinent legislation and procedures associated with corporate tax compliance.

Today’s workshop saw a strong turnout, with approximately 940 representatives from businesses, government entities, and stakeholders actively participating. FTA representatives provided a thorough explanation of corporate tax principles and highlighted the significance of adhering to tax legislation voluntarily.

The campaign, which began in phases from 2024, has included tailored programs to cater to the needs of different taxpayer groups. The FTA has also issued advisories to unregistered corporate taxpayers to expedite their registration applications and recently updated its guidelines to allow for the waiver of administrative penalties from late submissions within the specified legal period.

During the workshop, the FTA reiterated the importance for corporate taxpayers and exempt persons required to register to submit their tax returns within seven months from the end of their first tax period. This timeline is crucial for qualifying for the exemption from penalties as outlined in the recent Cabinet Decision.

The agenda covered various essential topics, including how to determine income subject to corporate tax, considerations for calculating tax due, and the accounting standards relevant to corporate tax purposes. The workshop also explained the Corporate Tax Law, compliance requirements, registration procedures through the EmaraTax digital platform, and the criteria for determining taxable persons.

Overall, the workshop aimed to ensure that attendees left with a comprehensive understanding of corporate tax obligations and the tools necessary for compliance.