Ministry warns public against ‘unreliable interpretations’ of corporate tax laws
The Ministry of Finance (MoF) on Friday issued a statement urging the public to rely only on official publications and posts when looking for details on the UAE’s corporate tax laws.
A number of posts circulating on social media and other platforms contain inaccurate and unreliable interpretations and analyses of the corporate tax, the ministry warned:
The public is reminded that the MoF 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.
According to Article 52 of the law, anyone who uses the internet to publish, circulate or spread false news, rumours or misleading information, contrary to the news published by official sources, could be punished by imprisonment for at least one year and fined Dh100,000.