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How to Determine if a Business is Subject to UAE Corporate Tax

The new corporate tax would cover all forms of business except natural resource extraction. The taxes will apply to corporate profits that will exceed AED 375000, meaning businesses with a smaller profit margin are still tax-free. These taxes would be used for investment and headquarters purposes whereby it will facilitate for free flow of trade, capital and financial services.

Corporate Tax FAQs: 15 Top Answers

Corporate tax in the UAE is a form of direct tax imposed on net income or business profit. The UAE introduced this tax with the aim of strengthening the country’s position as a leading global center for business and investment, in addition to accelerating the country’s development and transformation to achieve its strategic goals and renewing its commitment to meeting international standards of transparency tax and prevent harmful tax practices.

Jaseela PM

UAE Introduces Federal Corporate Tax for Business Entities

The UAE’s ministry of finance on 31st January 2022, through a press release, announced that it will start imposing federal corporate taxes on profits from business entities within the territories starting June 1st, 2023. As stated by the ministry, this will be a move to help minimize the compliance burden imposed on UAE businesses. This will be the first time businesses will remit taxes on corporate profits after introducing the sales tax in 2018.

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