FTA corporate tax awareness initiatives reach over 15,700 participants in 2024

ANI February 3, 2025 143 views

The Federal Tax Authority has significantly ramped up its corporate tax awareness initiatives in 2024, reaching over 15,700 participants across the UAE. They've increased their events from 49 to 70, showing a strong commitment to educating businesses about corporate tax regulations. The participant satisfaction rate has also climbed to an impressive 96%, indicating the effectiveness of their programs. This effort supports the UAE's goal of promoting voluntary compliance with the Corporate Tax Law that went into effect in 2023.

"As the number of corporate tax registrants grows, the Authority has intensified its efforts to meet the knowledge requirements of businesses" - FTA Spokesperson
Abu Dhabi, February 2: The Federal Tax Authority (FTA) has announced that its corporate tax awareness initiatives have witnessed significant growth in 2024, with 15,713 participants benefiting from its awareness events.

Key Points

1

FTA hosts 70 corporate tax awareness events in 2024

2

Participant numbers grow by 8.7% compared to previous year

3

High satisfaction rate of 96% among attendees

4

Supports voluntary compliance with UAE Corporate Tax Law

This includes those attending in-person events across all emirates and virtual sessions hosted by the Authority, marking an 8.7 percent increase from 14,455 participants, in 2023.

In 2024, The FTA oversaw the introduction of numerous specialised awareness programmes aimed at educating businesses about corporate tax and the related regulations and obligations on eligible taxable persons.

As the number of corporate tax registrants grows, the Authority has intensified its efforts to meet the knowledge requirements of businesses, supporting and encouraging voluntary compliance with the UAE's Corporate Tax Law, which came into effect in 2023.

To meet this demand, the number of FTA sponsored corporate tax awareness events rose significantly to 70 events, in 2024, compared to 49 in 2023, an annual increase of 42.9 percent.

In today's announcement, the FTA also noted that a rise in participant satisfaction, with 96 percent expressing approval of the content and informative nature of these awareness events in 2024. This was up from 94 percent, in 2023. (ANI/WAM)

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