Federal Tax Authority launches comprehensive campaign to raise awareness on Corporate Tax among businesses

Federal Tax Authority launches comprehensive campaign to raise awareness on Corporate Tax among businesses

H.E. Khalid Al Bustani: The campaign forms part of the Authority’s comprehensive plan to ensure seamless implementation of Corporate Tax, in line with international best practice. Abu Dhabi, UAE – The Federal Tax Authority (FTA) launched a comprehensive awareness campaign, that to raise awareness of businesses and companies about the UAE Corporate Tax, providing ongoing support to taxpayers. This is part of FTA's efforts in collaboration with the relevant parties to ensure a seamless implementation of Federal Decree-Law on the Taxation of Corporations and Businesses which entered into effect last month and applies to financial years beginning on or after 1 June 2023. FTA held the first awareness workshop on 'The General Principles of Taxation of Corporations and Businesses’ in Abu Dhabi. The workshop which is a part of a series to be conducted until the end of the year, attracted wide interest and interaction from over 400 participants representing businesses and companies concerned with corporate tax. The campaign comprises a series of awareness sessions and workshops across all emirates where FTA representatives give presentations of legislations and processes that support self-compliance with the Corporate Tax Law. The FTA Director General, His Excellency Khalid Ali Al Bustani, said: "This corporate