UAE Ministry of Finance launches Corporate Tax Public Awareness Programme

The Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Programme following the issuance of the Federal Decree-Law on Taxation of Corporations and Businesses.

Read: UAE issues corporate tax law

The ministry recently announced that the inaugural corporate tax public awareness session will be held on January 9, 2023, in Abu Dhabi at the Rosewood Abu Dhabi.

The second session will be held on January 16 at Ritz Carlton DIFC in Dubai, with the third scheduled to be held on January 23 online.

The programme has been designed to raise awareness of the UAE corporate tax law amongst the largest audience possible.

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 MoF and are designed to raise awareness and provide a trusted platform for transparent discussions and address questions and queries from the various business sectors.

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 income, tax relief, tax groups, transfer pricing, and other topics.

The ministry is conducting these sessions to demonstrate its commitment to the public to ensure a smooth transition before the Corporate Tax Law comes into effect.