Corporate Tax Fines and Penalties in UAE

FTA has announced administrative corporate tax fines and penalties in UAE that will be imposed for violations related to the application of the corporate tax law, effective as of August 1, 2023.

1. Late Corporate Tax Registration fine.

AED 10,000

2. Late Corporate Tax Deregistration fine.

Late submission incurs a 1,000 penalty, increasing by 1,000 monthly, up to a maximum of 10,000.

3. Not keeping required records under tax laws is a violation.

One of these shall apply

• AED 10,000 for each violation.
• AED 20,000 for repeated violations within 24 months.