Page 127 - AAE PR REPORT - July 2024

7/26/24, 11:28 AM News | Day of Dubai
collection service across all its UAE branches. This new service aims to simplify the process for
businesses to comply with UAE tax regulations by providing a convenient platform for corporate tax
payments.

The launch of this service aligns with the commencement of Federal Corporate Tax collection, as

mandated by the UAE government for all businesses operating within the country, with specific
exceptions. The service underscores Al Ansari Exchange's commitment to supporting businesses by
offering accessible and streamlined financial solutions.

Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, stated, "We are pleased to launch our new

corporate tax collection service, which reflects our commitment to supporting businesses. In
compliance with the UAE regulations, the new service streamlines the tax payment process, offering
businesses the convenience of processing their payments at any of our branches across the UAE.
This new service is in line with our commitment to providing seamless financial solutions and
reinforces our role as a trusted partner for businesses in the UAE."

The UAE Corporate Tax Law, Federal Decree-Law No. 47 of 2022, issued by the Ministry of Finance
on December 9, 2022, applies to accounting periods starting on or after June 1, 2023.

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