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Sharjah Chamber Emphasizes Corporate tax Law Regulations

May 2, 2024
in Gulf News, Dubai
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Sharjah Chamber highlights rules of Corporate Tax Law

A workshop on the UAE’s business tax system has been organized by the Sharjah Chamber of Commerce and Industry (SCCI). The session gave participants a thorough review of the legal and procedural foundations and elements of the UAE’s new corporate tax law, to assist them in navigating it.

The event aimed to increase the awareness of tax compliance among public and private sector personnel by providing them with information about the economic environment in the United Arab Emirates.

The event, which was co-hosted by Kashwani Law Firm, covered legal, accounting, and technological components of the UAE corporate tax regime and included important highlights and principles to enable participants understand and navigate it with ease.

The workshop covered tax compliance procedures, tax return preparation and filing, and corporation tax computations. The last section covered tax infractions and the steps taken when violating the Corporate Tax Law.

The last section of the program covered tax offenses and the necessary steps to deal with violations and infringements of the Corporate Tax Law.

At the event, Ali Al Jari, Director of the Sharjah Exports Development Centre (SEDC) of the SCCI, confirmed that the emirate’s business sector is adaptable and full of legal benefits, advantages, and competitive advantages.

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