Taxes on corporate income in UAE to begin from June 2023

As the world is battling to avoid detrimental tax activities from forming as part of the continuously evolving business climate, the UAE is pioneering the way to address the vulnerabilities by adopting a viable and finest in class corporate tax regime.

Beginning on or after June 1, 2023, businesses earning more than AED 375,000 ($102,000) will be subject to a 9% corporate income tax in the UAE. Net profits below that level are taxed at 0%. This decision was made as part of a bigger effort to encourage small, medium-sized firms to flourish and also broaden its economy in order to minimize its dependency on crude oil as well as to combat increased competition from other countries.

As the taxes on corporate income in UAE are set to be imposed, investors and businesses will have a plethora of questions and concerns hovering their mind. To obtain a broader understanding of the recently proposed tax system, watch the videos provided below.

UAE Corporate Tax | Know Important Updates About UAE Corporate Tax Rate – Ep#1

How Do We Calculate the Taxable Income, What will be the Highest Tax Rate | UAE Corporate Tax – Ep#2

Who is Eligible for Exemption in UAE Corporate Tax? | UAE Corporate Tax – Ep#3

Is UAE Corporate Tax Applicable for Free Zone Companies? – Ep#4

What is Tax Group & Eligibility of Tax Group UAE | UAE Corporate Tax – Ep#5

Withholding Taxes And its Applicability | UAE Corporate Tax – Ep#6

Transfer Pricing Implications | UAE Corporate Tax – Ep#7

Registration of Corporate Tax UAE | UAE Corporate Tax – Ep#8