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Asharq Al-Awsat
Asharq Al-Awsat
Business
Abu Dhabi - Asharq Al-Awsat

UAE Says it Seeks to Commit to Int’l Standards, Prevent Malicious Practices via Corporate Tax

UAE Ministry of Finance
The agreement of the UAE and Kuwait aims to encourage and facilitate cooperation in data and legislative regulations with the aim of enhancing the financial acumen of investors in both countries. Asharq Al-Awsat

Deputy Secretary of the Ministry of Finance Younis Al-Khoori said that the use of federal tax on companies as of June 2023 strengthens the UAE’s commitment to meet international standards for tax transparency and the prevention of harmful tax practices.

It is also an integral part in encouraging economic growth, attracting investment, and supporting fifty projects.

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