The UAE Federal Tax Authority (FTA) has increased efforts to educate businesses about new corporate tax laws through workshops and engagements with industry groups.
Khalid Ali Al Bustani, Director-General of the FTA, opened an awareness workshop in Dubai this week as part of a campaign on corporate tax compliance.
Al Bustani said taxable entities must submit corporate tax registration applications by specified deadlines.
“The FTA is intensifying its efforts to increase direct communication with business sectors and tax stakeholders across the emirates. This is done through in-person and virtual awareness workshops, as well as engagements across economic councils and business assemblies in commercial and industrial areas. The aim is to disseminate tax awareness broadly and interact with all categories of taxpayers,” Al Bustani said.
Those with licenses issued in January and February 2024 have until May 31 to register, while entities with licenses from March and April have a June 30 deadline. The workshop saw record attendance of 842 stakeholders, including 52 senior officials.
“The FTA is committed to increasing knowledge support for all categories of Taxable Persons, especially for Corporate Tax, which was implemented on 1 June 2023. In this context, we launched an awareness campaign last year, featuring both in-person and virtual events on the General Principles of Taxation of Corporations and Businesses, and the second phase began in January and continues until the end of this year. Additionally, we have issued several guides and various awareness publications related to Corporate Tax,” Al Bustani added.
Free zones play a major role in the UAE economy, according to Al Bustani, who said the FTA published a guide detailing the corporate tax regime for free zone companies.
“The guide highlights the key features of the Free Zone regime available to Free Zone Persons, which are an important part of the UAE’s business-friendly environment. The regime is designed to encourage investment and innovation, and the FTA is committed to ensure that guides are clearly understood and easily accessible to all Free Zone Persons,” he said.
Registration for corporate tax can be completed online through the EmaraTax portal in minutes, with tax agents also available to assist businesses.
The FTA has expanded registration options through government service centers nationwide.
Officials addressed standards for applying corporate tax in free zones and qualifying for the zero percent rate.
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