Story thread · 16 reports / 15 sources

UAE extends corporate tax relief for small businesses until 2029

thenationalnews.com · 4dShare

The UAE has extended its small business relief programme for corporate tax purposes until December 31, 2029, in a move to support small businesses , start-ups and entrepreneurs. The Ministry of Finance said on Friday that Ministerial Decision No. 131 amends existing corporate tax rules to allow eligible businesses to continue claiming the relief for tax periods ending on or before December 31, 2029. The extension enables businesses with annual revenue of up to Dh3 million ($816,882) to continue benefitting from simplified corporate tax compliance requirements, provided they meet the conditions set out in the relevant legislation, the ministry said in a statement. The ministry said its decision was aimed at strengthening the business environment in the UAE, supporting the growth of small businesses and start-ups, and reinforcing the country’s position as a leading global investment destination. “It also reaffirms the UAE’s commitment to developing a competitive tax system that supports

First report: FISME seeks GST overhaul to ease MSME compliance — economictimes.indiatimes.com, 7d