Dubai Chambers introduces commercial attachés of EU Diplomatic Missions to UAE’s Corporate Tax Law to encourage investment

Dubai Chambers introduces commercial attachés of EU Diplomatic Missions to UAE’s Corporate Tax Law to encourage investment

- Lootah: “Today's workshop is important, as it enables us to connect with the European diplomatic community in the UAE and raise their awareness of the corporate tax law. This will help us bring more EU businesses into Dubai, while further bolstering the strong bilateral trade and business relations between Dubai and European markets.”

Dubai, UAE – Dubai Chambers, in collaboration with Al Tamimi & Company Law Firm, has hosted a workshop focused on introducing the commercial attachés of EU Diplomatic Missions to the UAE's Corporate Tax Law.

The session brought together 13 officials representing the commercial interests of EU embassies and attaché offices in the UAE to provide them with an overview and key highlights of the new Corporate Tax regime.

Legal and tax experts from Al Tamimi & Company Law Firm discussed corporate tax readiness, compliance guidelines, exclusions, and exemptions, as well as the implications of the new tax for businesses operating in the UAE.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “The introduction of federal Corporate Tax marks a milestone in the UAE's continuing efforts to modernize its tax system in line with international standards and drive its economic diversification agenda. Today's workshop is important, as it