What is UAE Corporate Tax
|
February 23, 2022
|4 mins read
| Country | UAE |
| Tax | 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 –
- Who are covered under Corporate Tax in UAE
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- What are the corporate tax benefits that would be available for start-up or small companies in UAE?
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- What is the treatment of tax losses in UAE?
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