Money & BusinessUAE
UAE: Federal corporate tax on business profits to be introduced
The UAE will introduce a federal corporate tax on business profits from the financial year starting on or after June 1, 2023.
The corporate tax has been set at a standard statutory tax rate of 9 per cent. However, a zero per cent tax rate will be applicable on taxable profits up to Dhs375,000, in an attempt to support small businesses and startups.
No corporate tax will apply on personal income from employment, real estate and other investments, or on any other income earned by individuals that does not arise from a business or other form of commercial activity licensed or permitted to be undertaken in the UAE.
