Department of Finance launches digital public consultation initiative
ABU DHABI: The Ministry of Finance (MoF) has launched the digital public consultation initiative on its website and on the UAE Government Portal, ahead of the official publication of the relevant corporate tax legislation.
The initiative aims to consult with the business community and relevant stakeholders to gather their views and feedback on corporate tax, in order to refine and implement the proposed corporate tax regulations. companies in the UAE.
The digital public consultation initiative reflects the MoF’s firm belief in the importance of consulting the business community and is part of its commitment to help the UAE achieve its strategic objectives, thereby cementing the country’s position as a hub for business and investment.
Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, noted that the initiative will help the Ministry of Finance to refine and implement the proposed UAE corporate tax regulations, strengthening the means of communication with the business community and stakeholders, as they play a key role. role in shaping the government’s financial policies.
“The Ministry of Finance welcomes comments until May 19 using the online public consultation form on the submission of corporation tax, which can be found on the Ministry’s website and on the Government of Finance portal. United Arab Emirates Since the announcement in January 2022, the Ministry of Finance has continued to work on the design and implementation of the UAE’s corporate tax system to ensure that it incorporates best practices into the scale and minimizes the compliance burden for UAE businesses,” said Al Khoori.