Day: January 22, 2023

ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolences to President Ali Bongo Ondimba of Gabon on the death of Michael Moussa Adamo, Gabon’s Minister of Foreign Affairs.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, sent a similar cable of condolences to the President of Gabon.

Source: Emirates News Agency

ABU DHABI, The Global Council for Tolerance and Peace has expressed its utmost condemnation of the burning of the Holy Quran by an extremist in Sweden.

Ahmed bin Mohamed Al Jarwan, President of the Global Council for Tolerance and Peace, underscored the council’s condemnation of this criminal conduct, which goes against human principles and is the worst form of racism.

Such actions will undermine attempts to promote peace and coexistence and only serve to feed terrorism and extremism, he added.

Source: Emirates News Agency

ABU DHABI, The Federal Tax Authority (FTA) has launched early registration for corporate tax through EmaraTax, the UAE’s digital tax services platform.

The step comes in line with Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law), which stipulates that Taxable Persons will become subject to Corporate Tax from the beginning of their first financial year that starts on or after 1st June, 2023.

The Authority explained that early registration is open from January 2023 to May 2023 for certain categories of companies operating in the UAE. These selected companies will be receiving invitations from the FTA by email and SMS, allowing them to register via the EmaraTax platform.

Following this phase, the FTA will announce at a later date when registration will be open for other companies and businesses. The FTA will make sure to give ample time for companies and businesses to apply for registration and meet their legal obligations. When registration opens, priority will be given to companies and businesses that have a financial year starting on 1st June, 2023.

FTA Director-General Khalid Ali Al Bustani said, “Since the announcement of corporate tax in the UAE, the Federal Tax Authority has intensified its efforts, in collaboration with the competent authorities, to develop procedures to implement it in accordance with the highest standards, and to ensure the efficiency, accuracy, and seamlessness of administrative procedures, in a way that will not impact business operations and flow. The Authority prioritises supporting all business sectors to comply with tax regulations and procedures through flexible mechanisms that align with international best practices.”

“The Authority is committed to positioning itself as a partner and ally to business sectors, making dedicated efforts to safeguard their interests and support the national economy at the same time through balanced and transparent procedures that strengthen the UAE’s competitive environment,” he said, in conclusion.

Source: Emirates News Agency