After the United Arab Emirates [UAE] finalise that it would adopt corporate taxes from June of next year, it’s important for expatriates and business owners in the area to have a basic understanding of what this kind of taxation entails.
At the federal level, the UAE does not impose a corporate income tax at this time. However, oil and gas firms and international bank branches are subject to an Emirate-level Corporate Tax (CT) under the Dubai taxation system. Companies based
The UAE government announced on January 31, 2022, that it would enact legislation to allow for implementation of Corporate Tax on business profits. The corporate tax in UAE will come into effect from June 1, 2023. The United Arab Emirates
