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 […]
According to recent developments in the UAE, businesses are going to be taxable for corporate tax (CT) starting June 1, 2023. The guidelines are set out in Federal Decree-Law No. 47 of 2022. The general CT rate will be 9%; however, this rate will apply only to the taxable income of […]