𝐆𝐨𝐨𝐝 𝐍𝐞𝐰𝐬 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐀𝐄!

𝐆𝐨𝐨𝐝 𝐍𝐞𝐰𝐬 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐀𝐄!

The 𝑭𝒆𝒅𝒆𝒓𝒂𝒍 𝑻𝒂𝒙 𝑨𝒖𝒕𝒉𝒐𝒓𝒊𝒕𝒚 (𝑭𝑻𝑨) has rolled out a new initiative to waive administrative penalties for the late submission of Corporate Tax registration applications — a major relief for businesses navigating the new tax regime.

✅ 𝐖𝐡𝐨 𝐜𝐚𝐧 𝐛𝐞𝐧𝐞𝐟𝐢𝐭?

All entities required to register for Corporate Tax — whether you’ve already been penalized or haven’t registered yet.

📝 𝐊𝐞𝐲 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐖𝐚𝐢𝐯𝐞𝐫:

Submit your 𝒕𝒂𝒙 𝒓𝒆𝒕𝒖𝒓𝒏 (𝒐𝒓 𝒂𝒏𝒏𝒖𝒂𝒍 𝒅𝒆𝒄𝒍𝒂𝒓𝒂𝒕𝒊𝒐𝒏 𝒊𝒇 𝒆𝒙𝒆𝒎𝒑𝒕) within 7 𝒎𝒐𝒏𝒕𝒉𝒔 from the end of your 𝒇𝒊𝒓𝒔𝒕 𝒕𝒂𝒙 𝒑𝒆𝒓𝒊𝒐𝒅.

📌 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨𝐬 𝐖𝐡𝐞𝐫𝐞 𝐭𝐡𝐞 𝐖𝐚𝐢𝐯𝐞𝐫 𝐀𝐩𝐩𝐥𝐢𝐞𝐬:

1️⃣ 𝐏𝐞𝐧𝐚𝐥𝐭𝐲 𝐢𝐦𝐩𝐨𝐬𝐞𝐝 𝐛𝐮𝐭 𝐧𝐨𝐭 𝐩𝐚𝐢𝐝?

Submit your return within 7 months — penalty will be waived.

2️⃣ 𝐏𝐞𝐧𝐚𝐥𝐭𝐲 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐩𝐚𝐢𝐝 𝐛𝐮𝐭 𝐫𝐞𝐭𝐮𝐫𝐧 𝐧𝐨𝐭 𝐲𝐞𝐭 𝐟𝐢𝐥𝐞𝐝?

Submit within 7 months — amount will be refunded to your tax account.

3️⃣ 𝐏𝐞𝐧𝐚𝐥𝐭𝐲 𝐩𝐚𝐢𝐝 𝐚𝐧𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐬𝐮𝐛𝐦𝐢𝐭𝐭𝐞𝐝 𝐰𝐢𝐭𝐡𝐢𝐧 7 𝐦𝐨𝐧𝐭𝐡𝐬?

You’re eligible for a refund.

4️⃣ 𝐇𝐚𝐯𝐞𝐧’𝐭 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐞𝐝 𝐲𝐞𝐭?