Page 4 - ICAI UAE TAX UPDATE_September 2024

From the Desk of The

CHAIRMAN

Dear Esteemed Members,

As we celebrate the festival season, I extend my warmest wishes to all our members and
their families. May this time of celebration bring joy, peace, and prosperity to each of you.
In alignment with the evolving landscape, our September newsletter offers updates to keep
you informed and prepared in your professional endeavors.

This month, our spotlight covers:

• Postponement of Tax Return Deadlines: The Federal Tax Authority’s recent Decision
No. 7 of 2024 introduces an extension for filing corporate tax returns and settling
payable amounts for specific tax periods. This deferral provides valuable relief,
allowing businesses to align compliance efforts with updated deadlines.

• GCC Updates: September's insights include notable tax and regulatory shifts
across the GCC, providing a comprehensive understanding of regional
developments that may impact multinational operations and cross-border business
strategies.

Our dedicated editorial team and contributors have ensured that these updates are presented
with precision and clarity, empowering you to navigate these changes with confidence. We
invite your continued engagement and feedback to keep our platform vibrant and beneficial
for all members.

Let’s celebrate this festive season by fostering knowledge, collaboration, and a shared
commitment to excellence.

Warm regards,
CA Rajesh Somani
Chairman,
ICAI (Dubai) Chapter NPIO

4 www.icaidubai.org

UAE TAX UPDATE NEWSLETTER ISSUE 06 - September 2024