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UAE provides tax breaks for small firms until 2029
The UAE has decided to extend the tax exemption for small businesses whose annual revenues do not exceed 3 million dirhams until the end of 2029, in order to support entrepreneurship and facilitate its growth. This decision provides companies with an additional three years to benefit from tax incentives, offering them financial stability and encouraging expansion and investment without the burden of taxes in the early stages. This measure reflects the country's commitment to strengthening the business environment and attracting investments, while maintaining tangible tax advantages for small companies. It also underscores that supporting business growth and fostering an entrepreneurial environment remain a core part of the UAE's economic strategy.
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