Al-Maliya Expands SME Tax Support
The UAE Ministry of Finance has announced an extension of the Small Business Relief program for corporate tax until the end of 2029, aimed at supporting startups and enabling entrepreneurs to grow and expand. The decision includes the continuation of the established threshold for tax periods starting after June 1, 2023, and ending before December 31, 2029. Taxable persons with revenues of less than 3 million dirhams are allowed to comply in a simplified manner, thereby enhancing the business environment and reinforcing the UAE's position as a global investment destination.
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