News

Taxable Business Threshold Profit

Businesses will become subject to the Corporate Tax Law, which will levy a standard tax rate of 9% for taxable business profits exceeding AED 375,000, from the beginning of their first financial year starting on or after 1 June 2023. The Ministry of Finance has confirmed that the Federal Decree-Law on Corporate Tax is an [...]

Corporate Tax

The Corporate Tax compliance & payment deadline allows taxpayers a generous timeframe of up to 21 months from the start of the financial year to prepare for filing tax returns & making tax payments, in line with UAE’s commitment to ensure smooth implementation of the Corporate Tax.