Al Ansari Exchange Launches Corporate Tax Collection Service Across UAE Branches

Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI], has introduced a corporate tax collection service across all its UAE branches. This new service aims to simplify the process for businesses to comply with UAE tax regulations by providing a convenient platform for corporate tax payments.

The launch of this service aligns with the commencement of Federal Corporate Tax collection, as mandated by the UAE government for all businesses operating within the country, with specific exceptions. The service underscores Al Ansari Exchange's commitment to supporting businesses by offering accessible and streamlined financial solutions.

Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, stated, "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."

The UAE Corporate Tax Law, Federal Decree-Law No. 47 of 2022, issued by the Ministry of Finance on December 9, 2022, applies to accounting periods starting on or after June 1, 2023.