UAE media reported that the Sharjah Consultative Council will discuss the corporate tax draft law in its seventh meeting scheduled for Thursday this week.

The Sharjah Consultative Council announced that its Financial, Economic and Industrial Affairs Committee has convened a meeting to review the draft law on the taxation of extractive and non-extractive companies related to natural resources in Sharjah.

The UAE Ministry of Finance has announced updates regarding some of the provisions of the Federal Legislative Decree No. 47 of 2022 regarding corporate and business taxes.