The UAE Federal Tax Authority (FTA) has announced the release of a public clarification confirming that the first Tax Period of a newly established company, in respect of a juridical person subject to Corporate Tax, is determined by the first Financial Year, as stipulated under the Commercial Companies Law. --- Public Clarification on Corporate Tax to raise awareness of the first Tax Period for a juridical person Abu Dhabi - 13 August 2024: The Federal Tax Authority (FTA) confirmed that the first Tax Period of a newly established company, in respect of a juridical person subject to Corporate Tax, is...