MoF calls on public to rely of official publications and contents on Company Tax – Enterprise – Economic system and Finance

The Ministry of Finance (MoF) has known as on the general public to rely solely on official publications and posts issued by MoF and the Federal Tax Authority (FTA) relating to the Federal Decree-Legislation No. 47 of 2022 on the Taxation of Firms and Companies (the Company Tax Legislation) and the related Cupboard and Ministerial Choices.

The Ministry stated a lot of posts circulating on social media and different platforms which might be issued by personal events, comprise inaccurate and unreliable interpretations and analyses of Company Tax.

The general public is reminded that the Ministry of Finance and the Federal Tax Authority are the official sources of knowledge on Federal Taxes within the UAE. Subsequently, analyses that aren’t primarily based on official publications by MoF and FTA; or haven’t been commissioned by them, are unreliable and should comprise deceptive interpretations of the legislation.

The Ministry additionally warned of the authorized penalties of publishing and re-publishing such deceptive and unfounded evaluation of the Company Tax Legislation and the related Cupboard and Ministerial Choices, which will likely be thought of a violation below Federal Decree-Legislation No. 34 of 2021 on Combatting Rumours and Cybercrime.

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