Federal corporate income tax of 9 percent will be imposed on business profits exceeding $100,000 beginning 1st June 2023.
The UAE’s corporate tax regime will be among the most competitive worldwide, featuring a standard statutory tax rate of 9 percent and a tax rate of 0 percent for taxable profits up to AED375,000. The Ministry of Finance announced that the UAE will introduce a federal corporate tax on business profits that will be effective …