FTA’s Corporate Tax Workshops Draw Unprecedented Engagement
The Federal Tax Authority (FTA) has made a significant impact with its Corporate Tax awareness campaign, successfully concluding the first phase with remarkable participation from the business community and stakeholders.
A Campaign of Knowledge and Support
The FTA’s initiative to educate and support taxpayers on the new Corporate Tax has seen a wave of engagement. The campaign’s first phase included a series of 48 workshops, both in-person and virtual, drawing in around 13,600 participants from various business sectors and those involved in tax implementation.
Virtual Learning and In-Person Engagement
The FTA’s innovative approach included 39 virtual workshops, designed to introduce Corporate Tax intricacies and streamline the registration process. These sessions, available in both Arabic and English, were part of an educational platform aimed at providing weekly workshops to facilitate ongoing learning.
In addition, the campaign’s reach extended through nine in-person workshops conducted across all seven emirates, culminating in a comprehensive session in Dubai. These workshops were a collaborative effort, bringing together government and private-sector entities to discuss the general principles of corporate and business taxation.
Leadership’s Vision for Tax Compliance
His Excellency Khalid Ali Al Bustani, Director-General of the FTA, praised the success of the campaign, noting the significant interest and interaction it garnered. He emphasized the FTA’s dedication to assisting taxpayers in achieving voluntary self-compliance with Corporate Tax through clear and straightforward procedures.
“The FTA is dedicated to engaging with all stakeholders through various channels,” H.E. Al Bustani stated. “Our campaign employs innovative methods to enhance tax awareness, answer inquiries, and support businesses in meeting Corporate Tax regulations without the need to visit our offices.”
The Role of Corporate Tax in Business Growth
The FTA’s awareness campaign underscores the importance of Corporate Tax in reinforcing the UAE’s status as a premier global business and investment destination. The positive response to the campaign reflects the business community’s commitment to upholding the Corporate Tax Law.
Looking Ahead: Phase Two of the Awareness Campaign
The FTA is gearing up for the second phase of the Corporate Tax awareness campaign in 2024. This upcoming phase will delve into specific topics, aiming to educate on legislation, requirements, and procedures for accurate compliance with Corporate Tax obligations.
Educational Programs and Advanced Technologies
The FTA plans to offer educational programs suitable for all relevant groups, incorporating cutting-edge technologies to ensure information is readily accessible. These efforts are designed to prepare the business community for the efficient implementation of Corporate Tax Law.
In Conclusion
The FTA’s Corporate Tax workshops have successfully laid the groundwork for a well-informed business sector ready to navigate the new tax landscape. With ongoing efforts to educate and support, the FTA is fostering a culture of compliance and transparency in the UAE’s evolving corporate environment.
