Introduction of federal corporate tax in UAE aims to further
strengthen the country's position as a world-leading hub for businesses
and investment and accelerate the strategic objective towards
development and transformation.
9% rate on taxable income above AED 375,000;
Individuals will not be subject to corporate tax on income from employment, real estate, investment in shares or other personal income not related to a UAE trade or businesses,the corporate tax concept helps
meet international standards for tax transparency and avoids harmful tax
practices.
date of implementing the corporate tax; it's about the things you
should do today for a smooth transition to the corporate tax era.
No corporate tax will apply on foreign investors who do not carry on business in the UAE;one
thing that should be on top of your list is to have the right business
management software, not only for corporate tax, but also to manage your
business more efficiently than before.
The extraction of natural resources will remain subject to Emirate level corporate taxation;Generous loss transfer and utilisation rules will be available to businesses,No corporate tax will applied for personal income.
Corporate tax will apply on the adjusted accounting net profit of the business Free zone businesses that meet all necessary requirements can continue to benefit from corporate tax incentives.No corporate tax will apply on qualifying intragroup transactions and restructurings
Foreign tax will be allowed to be credited against UAE corporate tax payable;No withholding tax will apply on domestic and cross border payments No corporate tax will apply on capital gains and dividends received by a UAE business from its qualifying shareholdings.
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