Corporate Tax
In accordance with UAE Federal Decree-Law No. 47 of 2022 (the "Corporate Tax Law"), businesses will be subject to UAE Corporate Tax from the beginning of their first financial year beginning from June 1, 2023. All businesses and individuals conducting business activities under a commercial licence in the UAE will be subject to corporate tax in Dubai, UAE, which is set at 9% of the net profit made by businesses.
As businesses are experts in their respective industries but not in corporate tax services in the UAE, they should seek guidance from corporate tax consultants in the UAE to ensure their operations comply with the newly implemented tax regulations.
