The Department of Finance for the Government of Dubai (DoF) commenced with the integrated training programme, IMTITHAL (Competence), aiming to raise awareness of corporate tax in the UAE, which will be implemented on the first of June 2023 in the UAE.
The first of its kind in the country, IMTITHAL programme is based on interactive participation and will be presenting many realistic examples related to the corporate environment in various economic sectors. The programme workshops started in cooperation with the strategic partner, Dubai Chambers, and the knowledge partner, KPMG.
Abdulrahman Saleh Al Saleh, DOF Director General said it is important that companies in various business sectors are given the appropriate opportunity that empower them to engage properly in the national tax system. “We hope that IMTITHAL programme will help Dubai registered companies benefit from the expertise that the programme has to offer. This will ensure the highest levels of compliance with the corporate tax regulations.”
“In light of the wise leadership’s vision, and in cooperation with the Dubai Chambers, DoF is keen to educate private sector companies in Dubai about the elements of the new tax system, in addition to the incentives and how to benefit from them, considering that the requirements for compliance with the corporate tax differ from those of VAT,” concluded Al Saleh.
Mohammad Ali Rashed Lootah, President and CEO, Dubai Chambers, added, “We command DoF on the launch of the programme. We are delighted to work together on this programme to raise awareness of the UAE's corporate tax regime, its key features, legal provisions as well as compliance obligations. This reflects our ongoing commitment to supporting Dubai's business community and educating them about new legislations impacting their businesses. In addition, we are always keen to provide an enabling and competitive environment that stimulates business growth, and cements Dubai's position as a global trade and an investment hub while supporting the country's economic diversification."
IMTITHAL educates companies and businesses in Dubai about all the elements of the new tax system, whether accounting or tax-related, as well as the incentives and how to benefit from them, since the compliance requirements with this tax differ from those related to VAT.”
IMTITHAL’s sessions are held at Dubai Chambers headquarters and the workshops are provided by highly reputable specialists from KPMG. It consists of face-to-face one-day training workshops that will be offered to a limited number of beneficiaries, in both Arabic and English.
Upon the completion of the sessions, participants will receive a participation certificate issued by DoF.
This tax awareness training programme comes to enhance concerted federal and local efforts and ensure the achievement of the highest levels of compliance with the corporate tax.
News Source: Emirates News Agency