How to Determine if a Business is Subject to UAE Corporate Tax
Recently, the ministry of finance in the Arab Emirates has introduced a national Corporate Tax schedule. It’s to be incorporated into UAE businesses. The welcome news is that it will commence operation in 2023. Are you wondering what benefits this fresh approach could be to businesses in the Emirates? It’s simple. The purpose of this […]
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 […]
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 […]
