UAE extends small business tax benefits until 2029
The UAE Ministry of Finance has announced an extension of the Small Business Facilitation Program until the end of 2029, aimed at supporting startups and enhancing the business environment in the country. The decision allows individuals with revenues not exceeding 3 million dirhams to benefit from simplified corporate tax compliance requirements, while the existing legislation remains in effect for tax periods starting after June 1, 2023, and ending before the end of 2029. This extension seeks to promote sustainable economic growth and develop a competitive tax system that attracts investment.
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