Page 137 - AAE PR REPORT - July 2024

7/25/24, 9:45 AM Al Ansari Exchange Launches Corporate Tax Collection Service At All Branches In UAE

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.

About“Al Ansari Exchange”

Al Ansari Exchange, the subsidiary of Al Ansari Financial Services P.J.S.C. and the largest

outward personal remittance and foreign exchange company in the UAE. Al Ansari Exchange,
established in 1966 and licensed by the Central Bank of the UAE, is the UAE's first exchange

company that grown to be the largest outward personal remittance and foreign exchange
company in the country with over 259 branches across the Emirates (as of March 2024). With

over 4500 multilingual employees, the Company conducts 134 thousand transactions per day
(as of December 2023).

Since its founding, the Company has significantly scaled its digital presence through its

award-winning app, website and in-branch smart counters.

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