The United Arab Emirates has announced that it will waive late registration fees associated with the corporate tax law. This decision is aimed at easing the financial burden on companies as they navigate the new tax regulations.

To qualify for the waiver, companies must file their tax returns within seven months from the conclusion of their first tax period. This requirement is critical for businesses to avoid incurring additional costs related to late registration.

The new corporate tax law represents a significant change in the UAE’s fiscal landscape, and the government’s initiative to waive late fees is expected to encourage compliance among companies adapting to these regulations.