UAE Ministry of Finance advises public to only take information from official sources
The UAE has warned residents and citizens to rely on official announcements for information about corporate tax in the country.
The Ministry of Finance (MoF) said posts circulating on social media can contain inaccurate and unreliable information.
The MoF has called on the public to rely only on official publications and posts issued by MoF and the Federal Tax Authority (FTA) regarding the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the Corporate Tax Law) and the associated Cabinet and Ministerial Decisions.
UAE tax warning
The Ministry said a number of posts circulating on social media and other platforms that are issued by private parties, contain inaccurate and unreliable interpretations and analyses of Corporate Tax.
The public is reminded that the Ministry of Finance and the Federal Tax Authority are the official sources of information on Federal Taxes in the UAE.
Therefore, analyses that are not based on official publications by MoF and FTA; or have not been commissioned by them, are unreliable and may contain misleading interpretations of the law.
The Ministry also warned of the legal consequences of publishing and re-publishing such misleading and unfounded analysis of the Corporate Tax Law and the associated Cabinet and Ministerial Decisions, which will be considered a violation under Federal Decree-Law No. 34 of 2021 on Combatting Rumours and Cybercrime.
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