Dubai is the land of opportunities and the authorities are making continued efforts to encourage foreign investors and entrepreneurs to expand their businesses to new limits. In this regard, the authorities are set to introduce the corporate tax in Dubai from 1 June 2023. The UAE government has decided to introduce the corporate tax in order to bring the trade activities in UAE on a par with international standards. The new tax proposes zero percent rate on taxable income up to AED 375,000 and nine percent rate on taxable income above AED 375,000. According to the details shared by the government, corporate tax is not applicable on the following;
Al Saqr is one of the leading accounting and auditing bookkeeping firms that offers extensive services for filing tax returns in the UAE. We are your ultimate partners to maintain your tax files and provide insights into the latest market trends, and upcoming regulations. Please note that the proposals relevant to the new corporate tax are in process and are subject to changes. If you are interested to know more about corporate tax, we highly encourage you to reach out to us at (contact).
