×

New to site? Create an Account


Login

Lost password? (close)

Already have an account? Login


Signup

(close)

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. 

You can watch our various Webinar on UAE Corporate Tax  here

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

Arinjay Jain

Bio of author

Arinjay is a Chartered Accountant with more than 20 years of post-qualification experience. He worked as Director, in the M&A Tax Division at KPMG in India. Presently, he is advising several MNCs in UAE on Economic Substance Regulations and impact of the UAE Corporate Tax Law on their business and clients across globe on International Tax issues . He is a well recognised Trainer of International Tax and UAE Corporate Tax. The areas of service include the following : - Advise and Compliance relating to International Tax Issues; Advise relating to UAE Corporate Tax Issues; Advise and Compliance relating to UAE Economic Substance Regulations; Advise and Compliance relating to Indian Income Tax Issues; Other connected matters from a Regulatory perspective.

LATEST ARTICLES

Section 194M of Income Tax Act

Section 194M of Income Tax Act - TDS from Payment

Tax Deduction at Source (TDS) | TDS Rate FY 2022-23 | Dates

Chapter XVII-B of the Income Tax Act, 1961, (hereinafter referred

Deductions under UAE Corporate Tax Law

Introduction - Deductions under UAE Corporate Tax Law A Taxable

Cabinet Resolution on Tax Residency in the UAE

Cabinet Resolution on Tax Residency in the UAE Introduction The

Leave a Reply

Your email address will not be published. Required fields are marked *

Have query and need a consultation with
tax expert?

Arinjay Jain

M&A | International Tax | Direct Tax

We provide consultation to resolve your queries in the Area of International Tax, Merger, Demerger and Foreign Investment, though call with our Tax Expert Mr. Arinjay Jain for a 15 minutes session.