The UAE is implementing the corporate tax on June 1, 2023. In order to remain attractive for businesses, the UAE has set the standard rate of corporate tax at 9%. However, this 9% rate only applies to businesses that have taxable profits of over AED 375,000. Businesses with taxable profits of […]
The introduction of corporate tax in the UAE is opening new dimensions to the tax landscape for businesses. Therefore, businesses need to understand and navigate compliance requirements and other corporate tax considerations. In this blog, we are addressing frequently asked questions (FAQs) for a better understanding of corporate tax in the […]
From June 1, 2023, the UAE is going to introduce corporate tax. Under the current guidelines, businesses that earn taxable profits of over AED 375,000 will pay 9% corporate tax. However, businesses with annual taxable income of less than AED 375,000 will have 0% corporate tax. In order to become an […]