UAE to introduce 9% corporate tax on business income

The UAE will not introduce an employee income tax, Thani Al Zeyoudi, Minister of State for Foreign Trade, said on Monday.

The UAE will introduce a 9 per cent federal corporate tax on the profit of businesses from the financial year starting on or after June 1, 2023, the Ministry of Finance said on January 31.

The Ministry of Finance is expected to announce more details about how the corporate tax will be imposed in the next few weeks.

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