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Sharjah24
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The UAE Ministry of Finance announced an extension of the small business facilitation period for tax reduction benefits until the end of 2029, pursuant to Ministerial Resolution No. 131. This extension aims to support small and startup companies and to enhance the business environment. It also allows individuals whose revenues do not exceed 3 million dirhams to benefit from simplified tax compliance requirements, thereby promoting economic growth and financial sustainability in the country.
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