ADNOC’s 2024 sustainability report says about 8,900 employees took part in more than 20 volunteer initiatives, recording over 64,500 hours across health, education, environment and community support.
Tax compliance is essential, but a balanced account of company contribution also examines local employment, supplier development, skills, environmental outcomes and community programmes.
Small firms contribute through lawful tax compliance, employment, services and local relationships. No single indicator captures the whole value of a business to its community.
The FTA announced a digital platform using artificial intelligence for tourist VAT refunds and said the scheme had processed about 25 million transactions worth AED 4.2 billion by October 2026.
The FTA said about 19,000 retail outlets were electronically connected to the tourist VAT refund system by the end of 2025, up from 17,600 a year earlier.
The FTA reported that corporate-tax registrants exceeded 640,000 and said filings and payments were being made ahead of the 2025 deadline for the 2024 tax period.
In a September 2025 reminder, the FTA urged businesses to file corporate-tax returns or required annual declarations within nine months of the relevant period’s end.
The FTA reminded taxable persons and certain exempt persons that returns or annual declarations and any tax due are generally required within nine months of the end of the relevant period.
The FTA said approved homebuilding VAT refunds for UAE nationals reached AED 3.2 billion by June 2025 and more than 18,000 retailers were linked to the tourist refund system.
The Ministry of Finance announced a ministerial decision adopting OECD guidance and commentary on the global minimum tax rules, following a 2024 Cabinet decision on top-up tax for multinational enterprises.
The FTA again asked registrants to update tax records before the end of a grace period in March 2025, noting the potential to avoid administrative penalties for eligible cases.
The FTA urged registrants to use a temporary grace period to update tax records before the end of March 2025 without administrative penalties, subject to the applicable decision.
The FTA reminded businesses with specified tax periods ending on or before 29 February 2024 that a filing and payment deadline had been extended to 31 December 2024.
The Ministry of Economy and Federal Youth Authority organised a youth circle aimed at encouraging an entrepreneurship culture among Emirati young people.
The FTA urged resident juridical persons whose licences were issued in August or September to submit corporate-tax registration applications by 31 October 2024.
The Ministry of Economy launched the National Economic Registry, called Growth, as a unified database of commercial licences across the seven emirates.
The Ministry of Economy reported that hotel-establishment revenues reached AED 24.6 billion in the first half of 2024, a 7% increase from the same period a year earlier.
The FTA said its digital tourist VAT refund system processed 2.7 million requests in the first half of 2024, compared with 2.55 million in the same period a year earlier.
A public clarification explained how the first corporate-tax period for certain juridical persons relates to their financial year and when a first period may be shorter or longer than 12 months.
The Ministry of Economy said a national forum brought together more than 80 federal entities, local companies and SME owners to discuss access to government tenders and contracts.
A Federal Tax Authority decision set registration timeframes for taxable persons, with a 31 May 2024 deadline for resident companies holding licences issued in January or February.