Phase 1 Of Corporate Tax Awareness Campaign Had More Than 13,000 Participants, Says FTA

The Federal Tax Authority (FTA) announced on Tuesday that the first phase of the Corporate Tax awareness campaign launched this year had approximately 13,600 participants, including taxpayers from various sectors.

The campaign consisted of 48 workshops, 39 of which were held virtually while eight were in-person.

The online workshops were organized to raise awareness of Corporate Tax and clarify the requirements and procedures for corporate tax registration in Arabic and English languages.

The FTA explained that the first phase of the Corporate Tax awareness campaign's nine in-person workshops took place across the United Arab Emirates.

The final workshop, titled "General Principles on Taxation of Corporations and Businesses," was then held in Dubai. It was organized by the FTA in collaboration with relevant government and private-sector entities.

Khalid Ali Al Bustani, FTA director-general, appreciated the massive participation and called the campaign a success, as it generated significant interest and interaction from the stakeholders involved in Corporate Tax implementation.

"The Authority is committed to reaching out to all stakeholders involved in implementing the tax system through various channels," he said, according to WAM. "And to that end, we launched a Corporate Tax awareness campaign that uses innovative methods to spread tax awareness among all business categories, respond to their inquiries and support them in overcoming any challenges they face in their efforts to ensure self-compliance with Corporate Tax regulations."

"The campaign aims to provide them with the necessary information, spare them the need to spend time visiting the Authority's headquarters and ensure constant communication with representatives of business sectors and other relevant segments of the community," he added.

Al Bustani explained that since Corporate Tax was introduced, FTA has increased activities to raise awareness of tax and highlight its vital role, objectives and compliance requirements.

He shared that the "positive results observed during the first phase of the campaign reflect the commitment among business sectors to implementing Corporate Tax Law, which aims to advance the UAE's position as a leading global business and investment hub."

Following this success, FTA is all set to organize phase two of the comprehensive Corporate Tax awareness campaign next year, focusing on various specific topics that will raise awareness of legislation, requirements and procedures for precise compliance with corporate tax obligations.

Earlier this year, UAE's Ministry of Finance (MoF) announced new administrative penalties for corporate tax violations.

Previously, the UAE's Ministry of Human Resources and Emiratization (MoHRE) imposed penalties on 436 out of 441 private companies that violated Emiratization decisions from the second half of 2022 to date.