This clarification outlines an FTA initiative waiving the AED 10,000 late Corporate Tax registration penalty for a person's first tax period. For a Taxable Person, the primary condition is submitting their first tax return within seven months from their tax period's end, instead of the standard nine. This waiver also applies to Exempt Persons who submit their first annual declaration within seven months. If the penalty has been previously paid, the amount will be credited to the person's EmaraTax account. This initiative does not alter the nine-month deadline for the actual payment of Corporate Tax.