Page 134 - AAE PR REPORT

Page 134 - AAE PR REPORT - July 2024

P. 134

7/25/24, 9:44 AM Al Ansari Exchange launches corporate tax collection service at all branches in UAE

With the launch of this new service, Al Ansari Exchange solidifies its commitment to empowering
businesses by providing a simple and accessible platform to process their corporate tax payments. The
initiative comes in response to the commencement of Federal Corporate Tax 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.

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