Corporate Tax in Dubai
23/11/2023 Other Services
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Description
Corporate Tax in Dubai is a direct tax levied on the net income or profit of corporations and other taxable entities. The UAE Ministry of Finance (MoF) announced the implementation of the new federal corporate tax (CT) at a standard rate of 9%, effective from 1st June 2023. The UAE is considered to have the lowest corporate income tax rate within the GCC region, except Bahrain. The new CT law is intended to incorporate best tax practices in the country and minimize the compliance burden on corporations as well. To receive more updates on the latest developments pertaining to Corporate Tax in Dubai, connect with Shuraa Tax consultants.
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