Ministry of Finance holds awareness session on Free Zones Corporate Tax Regime

Ministry of Finance holds awareness session on Free Zones Corporate Tax Regime

DUBAI, 22nd June, 2023 (WAM) -- The Ministry of Finance held a public awareness session on Corporate Tax for Free Zones today to explain and discuss the latest Cabinet and Ministerial Decisions relating to the implementation of the tax in UAE's free zone areas.

The session was organised in collaboration with Dubai Chambers and saw attendance of high-level representatives, including Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance; Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers; Shabana Begum, Executive Director of Tax Policy at the Ministry of Finance; as well as more than 400 participants from UAE businesses and companies, legal and tax consultants, and financial professionals.

Al Khoori said, “Free Zones continue to be central to the UAE's economic growth and the expansion of the country's international trade and investment. Following the issuance of latest regulatory decisions on determining the eligible income for free zones as well as details of excluded activities and qualifying activities, it is important that we meet with the concerned businesses and stakeholders to further explain those decisions and demonstrate the UAE's commitment to fostering further business growth in free zones with a special regime that allows these areas to