The UAE has introduced a Corporate Tax (CT) at a rate of 9%, effective 1st July 2023, for financial years beginning from this date. Businesses with taxable income exceeding AED 375,000 are required to pay this tax, while income below this threshold is taxed at 0%.
For example, a business earning AED 400,000 would pay AED 2,250 as corporate tax, calculated at 9% on the income above AED 375,000.
Read more
View Website