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Blog Details
CORPORTAE TAX IN UAE
by Coordinator
2023-07-12
TAX
Corporate Tax (CT )is a form of direct tax levied on the net income or profit of corporations and other businesses. The UAE CT regime will become effective for financial years starting on or after 1 June 2023. The Tax Period will normally be the Gregorian calendar year (i.e. from 1 January to 31 December), unless the business applies a different 12-month period for preparing its financial statements. RATES for Corporate Tax(CT) Individuals and juridical persons 0% till AED 375,000 9% excluding AED 375,000. Qualifying Free Zones persons 0% on qualifying income 9% on non-qualifying income Discover if your business operates in a qualifying free zone by reaching out to Starks Management Consultancies. Their team can assist you in assessing whether your income is considered qualifying or non-qualifying. Stay informed and make the right decisions for your business.
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