Is your business ready for the new UAE Corporate TAX?
UAE to Implement Corporate Tax to start in UAE - 9% on revenue effective from June 2023 UAE Ministry of Finance has announced that they will introduce Corporate Tax effective financial years starting on or after 1 June 2023. As of now Corporate tax was applied to banks and insurance companies only. Individual Emirates has also implemented limited tax system for enterprises who is engaged in exploration and production of oil and gas. Starting 1st June 2023 Corporate tax of 9%