UAE Corporate Tax: Legal consequences for any misleading publication or analysis of decisions
Misleading analysis on social media, other channels will have legal consequences
Dubai: The UAE Ministry of Finance has warned of legal consequences for publishing or re-publishing any misleading analysis on the Corporate Tax law and associated Cabinet and Ministerial decisions.
This will be considered a violation under Federal Decree Law No. 34 of 2021 on combatting rumours and cybercrime.
Instead, the Ministry has called on the public to rely 'only on official publications and posts issued by MoF and the Federal Tax Authority on the corporate tax and associated decisions.
A number of posts 'circulating on social media and other platforms that are issued by private parties, contain inaccurate and unreliable interpretations and analyses of corporate tax', said a statement.
"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."