Corporate Tax in UAE
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The UAE introduced a federal corporate tax (CT) on the net profits of businesses on 1 June 2023. The tax rate is 9% for taxable income above AED 375,000. Taxable income below this threshold is exempt from CT.
The introduction of CT is a significant change to the UAE tax environment. Previously, the UAE was a tax-free haven for businesses. However, the introduction of CT is part of a broader effort by the UAE government to diversify its economy and reduce its reliance on oil revenue.
The UAE tax environment has evolved significantly in recent years. In addition to the introduction of CT, the UAE government has also introduced several other taxes, including VAT and excise tax. These taxes have been introduced in an effort to raise government revenue and diversify the economy.
The UAE government has also taken steps to improve the efficiency of its tax administration. These steps include the introduction of a new tax system, the establishment of a new tax authority, and the launch of a new tax portal. These reforms have made it easier for businesses to comply with UAE tax laws.
Services
We offer a range of services to help businesses comply with UAE tax laws. These services include:
Tax planning
Tax dispute resolution
Our Experienced Team
We have a team of experienced professionals who are experts in UAE tax law. We are committed to providing our clients with the highest quality service and helping them to minimize their tax liability.
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How can we help?
To learn more about our services, please contact us today. We would be happy to answer any questions you have and discuss how we can help you comply with UAE tax laws.
3109 Tamouh Tower, Al Reem Island
PO Box: 36023, Abu Dhabi
United Arab Emirates
Monday to Friday
9:00 AM to 6:00PM
info@bayswaterfinancials.com
+971 2 642 2276
