Consulting Agency

Authorities warn public of 'unreliable interpretations' of corporate tax laws

A number of posts containing inaccurate and unreliable interpretations and analyses of corporate tax data have been circulating on social media and other platforms, and the ministry warned of their unreliability.

Experts remind that the Ministry of Finance and the Federal Tax Authority are the official sources of information on federal taxes in the UAE. Consequently, analyses not corroborated by, or commissioned by, official publications of the MoF and FTA are not reliable and may contain misleading interpretations of the law.

According to the law, anyone who uses the internet to publish, disseminate or spread false news, rumours or misleading information that contradicts news published by official sources can be punished with a prison sentence of at least one year and a fine of AED 100,000.