Ministry of Finance (MoF) and Federal Tax Authority (FTA) launch initiative to waive administrative penalties under the Corporate Tax Law
The MoF and FTA announced the issuance of a Cabinet Decision to waive administrative penalties for corporate taxpayers and certain exempt persons who failed to submit their tax registration and applications with the FTA within the required timeframe.
Key Takeaways:
- Eligible parties must file their return or annual statements within a period of not exceeding seven (7) months from the end of their first tax period, as stipulated under the Corporate Tax Law.
- It encourages timely submission of tax returns and annual declarations.
- The FTA confirmed that necessary procedures will be implemented to refund administrative fines collected from those who meet the specified criteria.
- The initiative aims to strengthen the UAE’s position across the global competitiveness indices.
Dubai announces new land law to support public entities
The Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum has enacted Law No. (6) of 2025, focusing on the allocation of land to federal and local public entities.
Key Takeaways
- The new legal framework is introduced to regulate the distribution of government-owned land plots to public sector institutions in the Emirate.
- The legislation aligns with the objectives of the Dubai Urban Master Plan 2040 to optimise land usage and ensure efficient distribution.
- The law grants the Municipality authority to reclaim land previously allocated to public institutions if conditions warrant, including relocating plots or ordering the removal of existing structures according to regulatory standards.
- The new law overrides any conflicting legislation and will take effect 30 days after publication in the Official Gazette.
Dubai launches new initiative to fast-track dispute resolution
Essam Essa Al Humaidan, Attorney General of Dubai has approved to implement “Reconciliation is Better” initiative to expedite dispute resolution by broadening the use of amicable settlement procedures.
Key Takeaways
- It allows prosecutors to guide willing parties toward a fair and lawful settlement, providing a constructive alternative to traditional legal proceedings.
- The move is part of Dubai Public Prosecution’s broader strategy to modernize legal processes and support the goals of the Dubai Plan 2030.
- The initiative helps ease pressure on the judicial system by enabling quicker outcomes that respect the rights of all parties.
- His Excellency noted that the initiative reflects Dubai Public Prosecution’s forward-looking approach and its dedication to establishing a global benchmark for judicial excellence.
New Digital service launched by Ministry of Human Resources and Emiratisation (MoHRE)
The MoHRE in collaboration with Abu Dhabi Islamic Bank (ADIB) has launched the “Digital Wallet” as part of its digital services package.
Key Takeaways
- The Digital Wallet allows corporate customers to make instantly settle fees and financial obligations for MoHRE services.
- This service aims to enhance government service efficiency and aligns with the UAE’s strategy for comprehensive digital transformation across all government services.
- The Companies can start using the wallets for payments once the registration request is approved by the bank.
- The step is “in support of the zero-bureaucracy programme and the UAE’s strategy for comprehensive digital transformation of government services.”
