Emaratalyoum, 3 February 2022: The UAE’s Finance Ministry has confirmed businesses who have to pay corporation tax must submit their tax returns annually.

Only one tax return is required for each financial period and businesses will not be required to submit temporary tax returns or pay taxes in advance.

The tax returns must be submitted electronically and companies which don’t comply will be fined.

For full story, click here.

To view more news items and other content we have available, visit lexis.ae/demo to book a demo and start your free trial of Lexis® Middle East.

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.