Ministry of Finance monitors circulating publications on corporate tax that lack accuracy and credibility

The Ministry of Finance has called for relying only on official publications and bulletins issued by it and the Federal Tax Authority in relation to Federal Decree-Law No. (47) of 2022 regarding corporate and business tax (Corporate Tax Law), and the decisions of the Council of Ministers and relevant ministerial decisions.

The ministry said in a statement today that it monitored a number of publications circulating on social media and other platforms issued by private parties that include interpretations and analysis that lack accuracy and credibility regarding the corporate and business tax.

The Ministry confirmed that it and the Federal Tax Authority are the official source of information on federal taxes in the UAE, and therefore any analysis that is not based on official versions from the Ministry or the Authority, or has not been approved by one of them, is considered unreliable and may include misleading analyses of tax laws and legislation.

The Ministry of Finance pointed out that there are legal consequences for publishing or republishing such materials and misleading information about the Corporate Tax Law, Cabinet decisions and relevant ministerial decisions, stressing that this is considered a violation and violation of laws in accordance with the provisions of Federal Decree Law No. (34) of 2021 regarding combating rumors and cybercrimes.