The UAE Ministry of Finance (MOF) has announced the introduction of Federal Corporate Tax (UAE CT) on business profits effective for the financial years starting on or after 01 June 2023.
The new tax will be introduced with a standard statutory tax rate of 9 percent and a 0 percent tax rate for taxable profits up to AED 375,000 (roughly £75,000).
The introduction of UAE CT is part of the UAE’s support of the global minimum tax proposed under “Pill...
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