What is UAE Corporate Tax

Question – What is UAE Corporate Tax ?

Answer – UAE Corporate Tax is applicable from Financial Year starting from June 1, 2023. The tax is  payable on business profits and certain other income . The applicability   of Corporate Tax of to the  following person has been examined in detail : –

• Legal persons
• Exempt persons
• Government and Government owned entities
• Natural resources
• Charities and Public Benefit Organisations
• Investment funds
• Taxation of Free Zones

Individuals, who are not earning any business income, are exempt from the applicability of the Corporate Tax . The  tax shall be applicable on both UAE tax residents, as well as non resident earning business income from the UAE, who have a Permanent Establishment in the UAE .

If you would like to discuss the implication of UAE Corporate Tax , on your UAE business, you can Contact us. 

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For more information on UAE CT, you can view the following Related Questions –

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