Corporate Tax in the UAE: Everything You Need to Know
Corporate tax in UAE is a direct tax imposed on the net income or profit of companies. It is also termed “Business Profits Tax” in some jurisdictions. On 31 January 2022, the UAE Ministry of Finance (MoF) announced a new federal corporate tax (CT) system in the country with effect from 1 June 2023. The new corporate tax was introduced at a standard rate of 9%, the lowest within the GCC region. The key goal of introducing this system was to reduce the compliance burden on businesses and integrate best practices globally. Speak to the experts at Shuraa Tax and see how their services can elevate their business needs.
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