Corporate Tax

Corporate Tax in UAE

The Ministry of Finance has announced the introduction of a 9% federal corporate tax in UAE on business profits with a threshold of AED 375,000. This comes into effect from the financial year beginning 1st June 2023. The corporate tax rate in UAE is among the most competitive in the world and the lowest in the GCC – where Bahrain has now become the only country without a CT regime. For now, it has been made clear that the regime of Corporate Tax in UAE will follow best global practices and is expected to be implemented with easy corporate tax compliance requirements.