UAE warns of legal action for misleading info on corporate tax

WAM

The UAE's Ministry of Finance (MoF) has called on the public to rely only on official sources for information on the country's Corporate Tax Law.

The authority said that a number of posts circulating on social media and other platforms issued by private entities contain inaccurate and unreliable interpretations of the law.

It also warned of the legal consequences of publishing and re-publishing such misleading and unfounded analyses of the Corporate Tax Law and the associated Cabinet and Ministerial Decisions, which will be considered a violation under Federal Decree-Law No. 34 of 2021 on Combatting Rumours and Cybercrime.

"The public is reminded that the Ministry of Finance and the Federal Tax Authority are the official sources of information on Federal Taxes in the UAE. Therefore, analyses that are not based on official publications by MoF and FTA; or have not been commissioned by them, are unreliable and may contain misleading interpretations of the law," the ministry said in a statement.