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FTA’s Corporate Tax Awareness Campaign records Remarkable Turnout from Business Sectors
Dubai August 07 2023:
The Federal Tax Authority (FTA) records a notable increase in the number of participants participating in its Corporate Tax Awareness workshops. The campaigns are organized to create awareness among tax payers since May 2023, and that is set to continue until the end of the year across the emirates.
The campaign aims to introduce business sectors to Corporate Tax and enable them to comply with the Federal Decree-Law on Taxation of Corporations and Businesses, which came into effect in June 2023 and applies to financial years starting on or after 1 June 2023.
More than 8,270 stakeholders involved in implementing Corporate Tax attended 22 in-person and virtual workshops organised by FTA over the past three months (May, June, and July). Around 19 virtual workshops (in Arabic and English) focused on Registering for Corporate Tax, and were attended by 6,927 representatives of public joint-stock companies and resident private companies across the UAE.
The virtual workshops were delivered via the dedicated awareness platform that FTA launched to provide information and support to all businesses subject to Corporate Tax. Additionally, FTA organised three in-person workshops in July on the General Principles of Taxation of Corporations and Businesses, held in Abu Dhabi, Dubai and Ajman, respectively, with 1,343 participants from various business sectors and entities involved in the tax sector.