Corporate tax is levied at a standard rate of 9% on taxable income above AED 375,000. Taxable income below this amount will be subject to corporate tax at the rate of zero percent.
Corporate tax is levied on taxable income as follows:
What Is The Percentage Of Tax Withheld At Source?
Withholding tax at 0% zero percent may apply to certain types of income generated in the country that is paid to non-residents. Due to the implementation of the 0% rate, virtually no withholding tax will be payable and there will be no obligations to register or file for withholding tax for businesses that are residents of the country or foreigners who receive income generated in the country.
The withholding tax does not apply to transactions between persons residing in the country.
