UAE: Corporation Tax on Business Profits on the Way

News developments

UAE: Corporation Tax on Business Profits on the Way

Gulf News (United Arab Emirates), 31 January 2022: The UAE’s Finance Ministry has announced it is going to introduce a corporation tax on business profits.

It will be levied at 9%.

There will also be a 0% tax rate for taxable profits up to 375,000 AED. This will help small businesses and startups.

It will apply for financial years from 1 June 2023.

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