UAE Corporate Tax

The UAE introduced a corporate tax (CT) system effective from June 1, 2023. It applies to the net income or profit of UAE businesses and foreign entities conducting business in the UAE. Here's a quick breakdown: Tax Rate: 9% on taxable profits exceeding AED 375,000. Profits below this threshold are taxed at 0%. Entities Subject to Tax: Free zone companies (provided they don't operate in the mainland), onshore companies, branches of foreign companies, and non-resident businesses with a permanent establishment in the UAE. Exemptions: Government entities, qualifying public benefit entities, investment funds, and pension funds. Filing: Corporate tax returns must be filed annually within nine months from the end of the financial year.
Adv KL Gupta



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