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7/25/24, 9:43 AM Al Ansari Exchange Launches Corporate Tax Collection Service at All Branches in UAE - Biz Today
collection mandated by the UAE government for all businesses operating within the country,
with some exceptions.

Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, said: “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 on the Taxation of Corporations
and Businesses, was issued by the Ministry of Finance on December 9, 2022, and is applicable

for accounting periods beginning on or after 1 June 2023.

rafiq@biztoday.news

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