Federal Tax Authority Hosts Workshop on Corporate Tax for Free Zone Entities

UAE, 17 September, 2024 : The Federal Tax Authority (FTA) held a successful awareness workshop on Corporate Tax for Free Zone Persons in Dubai today. This event marks a key milestone in the second phase of the FTA's nationwide Corporate Tax Awareness Campaign, aimed at providing insights into the Corporate Tax regime for Free Zone entities.

The workshop highlighted the FTA's commitment to helping Free Zone Persons understand and navigate the UAE's Corporate Tax regulations. It emphasized the importance of Free Zones in the UAE’s economic strategy and the FTA’s role in facilitating tax compliance to support their growth.

Attendees were informed about the 0% Corporate Tax rate available to Qualifying Free Zone Persons on their Qualifying Income, with other income subject to the standard 9% rate. The workshop covered conditions for qualifying for the 0% rate, tax liability calculations, and registration requirements.

The FTA also introduced a dedicated Corporate Tax Guide for Free Zone Persons on its website and clarified that Resident juridical persons with licenses issued in July must register by September 30, 2024. Registration can be completed through the "EmaraTax" platform or at government service centers.

The FTA’s Corporate Tax initiatives have seen significant engagement, with 40 events held in the first half of 2024, a 135% increase from the previous year. Over 8,200 participants attended these events, with a high satisfaction rate among attendees.

Source : www.tax.gov.ae