"Federal tax" Concludes its 2024 awareness campaign

ABU DHABI, 18 December / WAM / The Federal Tax Authority has completed the implementation of the activities of its comprehensive information campaign to spread awareness of the corporate tax in business sectors for the year 2024, and held in Abu Dhabi the third workshop dedicated to persons based in free zones, to provide continuous knowledge support to those subject to the tax, as part of the authority’s efforts. To ensure smooth implementation and compliance with the corporate tax law that has come into force and applies to financial years beginning on or after 1 June 2023.
The authority explained in a press statement today that this workshop is the final one during the current year within the framework of the second phase of the campaign that began last February, and included a large number of virtual events and workshops using remote video communication technology, and in person in all the emirates of the country, as the campaign addresses topics Various taxes to facilitate corporate tax compliance.
She indicated that during the current year, 6 workshops were organized on the application of corporate tax for people residing in free zones, “3 in person and 3 virtual using remote video communication technology.”
The Authority explained that the workshop held in Abu Dhabi witnessed a large turnout and remarkable interaction from the attendees, who numbered about 550 participants concerned with the application of corporate tax for those based in free zones, and was attended by a number of officials from the Department of Economic Development – Abu Dhabi, the Abu Dhabi Chamber of Commerce and Industry, and the “Abu Dhabi Chamber of Commerce and Industry” group. Kizad, and a number of representatives of the concerned authorities in the emirate.
During the workshop, Zahra Al-Dahmani, Director of the Taxpayer Services Department at the Federal Tax Authority, stressed the keenness to continuously improve the services provided to support and support business sectors, in line with the Authority’s plans to establish a tax environment that encourages compliance, through continuous awareness plans to reach all categories of taxable people. Introducing tax legislation and procedures in a variety of ways characterized by clarity of information and ease of application.
During the workshop, representatives of the Authority provided a comprehensive explanation about the application of the corporate tax law for persons based in free zones, which enables qualified persons based in free zones to benefit from a corporate tax of 0% on qualified income, where detailed information was provided about the conditions that a person must The activities that are considered eligible activities and activities are excluded for the qualified person based in the free zone.
They explained how to calculate corporate tax for people based in free zones and determine qualified income and income subject to tax at a rate of 9%, the conditions for maintaining the realistic and sufficient presence of qualified people based in free zones, and the criteria for determining a local or foreign permanent establishment. They also clarified the standards for treating income generated from real estate and income. Verified eligible intellectual property and tax compliance requirements.

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