Al Ansari Exchange, a leading provider of foreign exchange and remittance services in the UAE and a subsidiary of AL Ansari Financial Service PJSC (DFM:ALANSARI), has introduced corporate tax collection services at all its branches in the UAE.
The aim of this new service is to simplify taxation for businesses while adhering to the UAE regulations. The launch reflects the company’s commitment to providing businesses with streamlined and accessible means to pay their corporate income taxes.
With the exception of a few companies, this initiative is aimed at satisfying the UAE government’s demand for federal corporate income tax on all businesses operating in the country. The UAE Corporate Tax Law, Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, was published by the Ministry of Finance on December 9, 2022, and is applicable for accounting periods beginning on or after 1 June 2023.
Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange
“We are pleased to launch our new corporate tax collection service, which reflects our commitment to supporting businesses. In compliance with the UAE regulations, the new service streamlines the tax payment process, offering businesses the convenience of processing their payments at any of our branches across the UAE. This new service is in line with our commitment to providing seamless financial solutions and reinforces our role as a trusted partner for businesses in the UAE.”
Al Ansari Exchange has been expanding across the UAE since its inception. With the new launch of cooperate tax collection at all its branches in the UAE, it further reinforces its position as a leading remittance and foreign exchange company.
