Khaleej Times, 12 January 2025: Sharjah’s Consultative Council has approved a groundbreaking bill on corporate tax for extractive and non-extractive natural resources, marking a first in the UAE.

This draft law is designed to regulate the taxation of companies involved in the extraction and use of natural resources, covering both mineral extraction and associated activities.

The initiative is part of a broader strategy to enhance Sharjah’s tax system, ensuring effective governance and adherence to regulatory standards.

The legislation aims to create a comprehensive framework for economic activities related to natural resources, thereby boosting public revenues to fund development projects within the emirate.

The decision was made during the council’s seventh meeting at its headquarters in Sharjah, as part of its agenda for the second regular session of the eleventh legislative term.

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