UAE Corporate Tax: All you need to know

UAE Corporate Tax: All you need to know

Dubai: In the months leading up to the introduction of corporate tax, the UAE Ministry of Finance launched the corporate tax awareness program on Thursday. The program will feature a series of physical and virtual sessions to raise awareness of the corporate tax law amongst the business community. “This comes in an effort to spread as much information as possible and to maximize the audience that is available to attend both the physical and the virtual sessions,” said Shabana Begum, Executive Director of Tax Policy Sector at the UAE Ministry of Finance. The Ministry announced that the inaugural corporate tax public awareness session will be held on January 9 in Abu Dhabi. While the sessions are open to the public, the primary target audience includes business leaders from all sectors, including but not limited to, chief financial officers, tax directors and managers legal advisors and counsels, and business owners. The Corporate Tax public awareness sessions will be led by tax experts from the Ministry of Finance. Participants will be provided with an overview of the corporate tax law, including scope, rates, key definitions, exempted persons, free zones, administration, and timelines in addition to covering focused topics such as calculating taxable