What is corporate tax in the UAE and what is the percentage?

Corporate tax is a direct federal tax imposed on the profit of most businesses, corporations, and other entities operating with a commercial license in the UAE. It is also known as the “Corporate Income Tax” or “Business Profit Tax.” The federal government is imposing a 9% tax effective from June 1st 2023.

Everything You Need to Know About UAE Corporate Tax

Everything You Need to Know About UAE Corporate Tax

Overview of UAE Corporate Tax in the UAE Introduction and Implementation In January 2022, the UAE Ministry of Finance announced the implementation of Corporate Tax across the United Arab Emirates, scheduled to take effect from the 1st of June 2023. This development marks a significant step in the country’s fiscal policies, with Corporate Income Tax […]

FTA guide on the UAE Tax on Foreign Income

On December 12, 2023, the UAE Federal Tax Authority (FTA) issued a Corporate Tax Guide focusing on the Taxation of Extractive Business and Non-Extractive Natural Resources Business.the UAE This comprehensive guide outlines general instructions applicable to individuals engaged in Extractive Business or Non-Extractive Natural Resource Business within the UAE. Key aspects covered in the guide […]

The Ultimate Guide to the Best Accounting Services in Dubai

Overview of Dubai’s Thriving Business Dubai is a beacon of economic growth, with a thriving business climate that has drawn corporate and business alike. The emirate’s strategic location, strong infrastructure, and innovative policies have helped transform Dubai into a global business center. With this changing environment, the importance of having reliable accounting services should be […]

A Detailed Guide on Mainland Company Setup in Dubai

A Detailed Guide on Mainland Company Setup in Dubai

 Importance of Establishing a Mainland Company in Dubai Establishing a mainland company in Dubai is an integral step for entrepreneurs and businesses looking to capitalize on the exciting commercial landscape of the UAE. Thanks to its strategic location, world-class infrastructure, and business-friendly environment, Dubai stands as an epicenter of economic prosperity in the Middle East. […]

Comparison of UAE Corporate Tax Rates vs. Global Tax Rate

Comparison of UAE Corporate Tax Rates vs. Global Tax Rate In the ever-evolving landscape of international business, understanding corporate tax rates is like charting a course through turbulent waters. Among the varied destinations for investors, the United Arab Emirates (UAE) emerges as a prominent player, boasting tax policies that attract entrepreneurs and corporations alike. In […]

ICV Certification in UAE

ICV Certification in UAE has been implemented in Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Since its initiation, the program has not only fostered growth in the national economy but has also positively impacted the economic development of both small and large organizations. The In-Country Value certification, commonly referred to as the ICV […]

Top audit firms in dubai

Top audit firms in dubai Effective auditing is a pivotal element in global business operations, ensuring credibility and reliability in partnerships. The UAE, renowned as a dynamic business hub, attracts international players seeking fair, comfortable, and profitable transactions due to its tightly regulated financial environment. One key legal requirement mandates businesses in the UAE to […]

UAE Corporate Tax [Infography]

On January 31, the UAE Ministry of Finance made a landmark announcement regarding the introduction of the Federal UAE Corporate Tax on business profits, set to take effect from June 1, 2023. This development represents a monumental shift and a historic milestone for the UAE. Explore every facet of the new Federal Corporate Tax with […]