Federal Corporate Tax Services in the UAE
Are you navigating the intricate landscape of Federal Corporate Tax (CT) in the UAE? Look no further, as we provide expert tax consulting services tailored to meet your business needs. The United Arab Emirates is committed to becoming a global business and investment hub while adhering to international tax transparency standards. As part of this endeavor, the UAE has introduced a competitive Federal Corporate Tax (CT) Law.
As a form of direct tax, the 9% UAE CT rate is one of the lowest CT rates amongst the GCC and globally, maintaining the UAE’s attractiveness for foreign investment.
Effective from the financial year beginning on or after June 1st 2023 and applicable across all Emirates, businesses and commercial activities whose net profit exceeds the threshold of 375k AED are liable to pay 9% CT.
Following the best global practices while adhering to internationally accepted accounting standards is more important now than ever, as CT will be payable on the accounting net profit reported in the financial statements of the business, with minimal exceptions and adjustments.