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The initiative is aimed toward consulting with the enterprise group and related stakeholders to refine and implement proposed UAE Company Tax laws.
The Ministry of Finance (MoF) launched the digital public session initiative on its web site and the UAE Authorities portal, to seek the advice of with the enterprise group and related stakeholders to get their views and feedback on Company Tax. The initiative comes consistent with MoF’s perception within the significance of consulting with the enterprise group and related stakeholders. As a part of its dedication to assist the UAE obtain its strategic targets, thereby cementing the nation’s place as a number one hub for enterprise and funding.
His Excellency Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, emphasised that the initiative will help the Ministry of Finance in additional refining and implementing the proposed UAE Company Tax laws, by bolstering technique of communication with the enterprise group and stakeholders, as they play a key function in drawing authorities monetary insurance policies. “The Ministry of Finance welcomes feedback by 19 Might 2022 utilizing the net Company Tax Submission Public Session Kind, which may be discovered on the ministry’s web site and the UAE Authorities portal,” His Excellency mentioned.
“For the reason that announcement in January 2022, the Ministry of Finance continued engaged on the design and implementation of the UAE Company Tax regime to make sure that it incorporates greatest practices globally and minimizes the compliance burden for UAE companies,” His Excellency added.
The ministry would admire clear and concise feedback on the general public session doc, specializing in points of the proposed Company Tax regime which will assist scale back compliance prices and complexity. It improves certainty for each tax administration and taxpayers alike. Feedback on areas which are in any other case not coated within the doc are additionally welcomed.
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