Background
On 1″ of January 2023, the UAE Ministry of Finance has announced the introduction of Corporate Tax that will be effective
from June 2021
What is Corporate Tax?
Corporate Tax isaform of direct tax levied on the net income or profit of corporations and other entities from their business.
Objectives
Cementing the UAE’S Position asaworld -leading hub for business and investment.
Meeting international standards for tax transparency and preventing harmful tax practices.
Accelerating the UAE’s development and tranuformation to achieve its strategic objectives.
Tax Rates
•0% tax rate for taxable income up to AED 375,000 to support small
businesses and startups
•9 %Headline corporate tax rate for taxable income exceeding AED 375,000
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