The Federal Tax Authority (FTA) has launched the second phase of its campaign to raise business awareness of corporate tax, and provide support to those who need to pay.
Running until the end of the year, it features events and virtual, as well as in-person, workshops across the UAE’s seven emirates.
The programme will focus on raising awareness of legislation and the requirements and procedures for Corporate Tax compliance, tailored to the needs of each taxpayer.
In addition, the latest technologies will be utilised to ensure easy access to information for taxable persons, and to support and encourage the business community to implement Corporate Tax Law efficiently and accurately.
The campaign aims to ensure a seamless implementation of the Corporate Tax Law which entered into effect in June and applies to financial years that began on or after 1st June 2023.
Khalid Ali Al Bustani, FTA Director-General said that the launch of the second phase is part of the integrated strategy adopted by the FTA to ensure seamless and precise compliance with the UAE Corporate Tax, considered among the most competitive in the world with a basic rate of nine per cent and a zero per cent rate on taxable profits up to AED 375,000, to support and encourage startups and small businesses.
Al Bustani emphasised the first phase, launched last year, had yielded positive results, improving the direct connection and engagement between the FTA and taxpayers.