The UAE Ministry of Finance has issued a warning, urging residents and citizens to seek information about corporate tax exclusively from official announcements.
The Ministry emphasized that social media posts often contain information that is inaccurate and unreliable. They specifically called upon the public to rely on official publications and posts released by the Ministry of Finance and the Federal Tax Authority (FTA).
These official sources provide reliable information regarding the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, commonly known as the Corporate Tax Law, along with the relevant Cabinet and Ministerial Decisions.
The Ministry of Finance in the UAE has issued a warning regarding the accuracy and reliability of certain social media and other platform posts that discuss corporate tax. These posts, created by private parties, often contain interpretations and analyses of corporate tax that are inaccurate and unreliable.
The Ministry of Finance and the Federal Tax Authority are emphasized as the official sources of information for federal taxes in the UAE. The public is advised to rely solely on official publications and posts released by the Ministry of Finance (MoF) and the Federal Tax Authority (FTA).
Any analyses or interpretations that are not based on these official sources, or have not been commissioned by them, are considered unreliable and may potentially provide misleading interpretations of the law.
The Ministry issued a cautionary statement about the potential legal ramifications of sharing misleading and baseless analyses regarding the Corporate Tax Law and its associated Cabinet and Ministerial Decisions. The Ministry stressed that publishing or re-publishing such information would be regarded as a violation under Federal Decree-Law No. 34 of 2021 on Combatting Rumours and Cybercrime. Therefore, individuals found guilty of disseminating or sharing misleading content could face legal consequences in accordance with the mentioned law.
