21 C
Tuesday, April 16, 2024

New deadline set for corporate tax feedback

Today, the Ministry of Finance (MoF) made an important announcement regarding the ongoing Corporate Tax Free Zone public consultation, signaling its commitment to fostering open communication and engagement with stakeholders. Recognizing the significance of gathering comprehensive feedback from the business community, the MoF has decided to extend the deadline for submitting comments and suggestions.

This extension showcases the Ministry’s proactive approach to accommodating valuable inputs from free zone-based businesses and other relevant entities. By providing this additional time, the MoF aims to ensure that all interested parties have ample opportunity to share their perspectives on the proposed Corporate Tax Free Zone initiative.Ministry Of Finance Extends Deadline For Feedback On The Corporate Tax Free Zone Public Consultation Until 9 August | MENAFN.COM

The new deadline for feedback and comments has been set for 9th August, 2023. The Ministry believes that this extension will contribute significantly to the success of the public consultation process and, in turn, support the achievement of the UAE’s strategic objectives.

This move by the Ministry of Finance further reinforces the country’s commitment to fostering a business-friendly environment and solidifying its position as a global hub for investment and commerce. As stakeholders and businesses collaborate to shape the Corporate Tax Free Zone proposal, the UAE’s status as an international business destination is expected to be further enhanced.

Overall, the extension of the consultation deadline reflects the MoF’s dedication to effective governance and its responsiveness to the needs of the business community, ensuring that the best interests of all stakeholders are taken into account when formulating policies and initiatives that will drive the nation’s economic growth and prosperity.

The extended consultation deadline demonstrates the Ministry’s commitment to engaging with the business community and stakeholders. This aligns with their priority to support the UAE’s strategic objectives and enhance its status as a global business and investment center.

Next Article

Related Articles

DXB Issues Advisory Amid Impending Unstable Weather

DXB Issues Advisory Amid Unforeseen Weather As UAE residents gear up to face the anticipated onslaught of unstable weather conditions sweeping across the country, travelers...

UAE Braces for Double Wave of Unstable Weather on Tuesday and wednesday

UAE Braces for Dual Waves of Unstable Weather on Tuesday and wednesday Residents of Dubai, Abu Dhabi, and Sharjah are urged to brace themselves for...

UAE Travel Agencies Expertly Manage Surge of Calls from Passengers Post-Eid Break Amid Iran-Israel Conflict

UAE Travel Agencies Empower Passengers with Timely Assistance Post-Eid Break Over the past weekend, UAE travel agencies across the UAE experienced a surge in activity...

Touchstone Infotech: Pioneering Innovation in Digital Solutions for Small Businesses

Introduction:In the bustling landscape of startups and small businesses, Touchstone Infotech shines as a beacon of innovation and transformative digital solutions. Founded by Prashant...

UAE Residents Embrace Chinese Language Learning, Empowering Connections

UAE Residents Learning Chinese Signals Global Engagement In the dynamic landscape of global connectivity, the significance of learning Chinese has transcended mere academic pursuit, extending...

Latest Articles