RAKEZ hosts seminar on UAE corporate tax

RAKEZ hosts seminar on UAE corporate tax

RAS AL KHAIMAH, 19th June, 2023 (WAM) -- Ras Al Khaimah Economic Zone (RAKEZ) has organised a seminar to familiarise members of its business community with the latest trends in the UAE's federal corporate tax.

During the event, the RAKEZ team highlighted the importance of understanding the implications of corporate tax for different businesses, and the necessity of registering companies, maintaining accurate accounting records, and effectively filing tax submissions with the UAE's Federal Tax Authority.

They also unveiled RAKEZ's latest suite of services designed to assist companies with their corporate tax requirements. These services extend to tax consultation, registration and filing, as well as comprehensive accounting and bookkeeping.

The seminar featured tax specialists who presented insights into corporate tax, ranging from basic understanding to its significance in strategic business planning in line with the current and proposed legislation.

The presentations focused on the application of corporate tax in free zones, detailing which companies would qualify and the exemptions associated with them.

Ramy Jallad, RAKEZ Group CEO, said, "Our mission at RAKEZ is to foster an environment that promotes business growth and financial integrity. Understanding and navigating the shifting trends in corporate tax can be a complex task for businesses, especially for