The UAE set to introduce corporate taxes on business profits effective for the financial years starting June 1st, 2023. The new Corporate Tax regime has been designed to incorporate best practices globally and minimise the compliance burden for UAE businesses. This cements UAE’s position as a global trade hub and allows the country to meet the international standards for transparency and preventing harmful tax practices.
The information on this page is meant to provide an initial overview of the UAE Corporate Tax regime in advance of the relevant legislation being finalised and promulgated.
If you wish to discuss the potential implications of this new corporate tax regime on your business feel free to contact us today at +971 4 221 2602 or [email protected].