Corporate Tax
UAE has introduced corporate tax on the net income of the business, corporate tax payable is due to FTA annually.
Corporate tax is direct tax and will come into effective for financial years starting on or after 1st June 2023.
Corporate Tax Rate
- 0% for taxable income up to AED 375,000/-
- 9% for taxable income above AED 375,000/-
Different tax rate for large multinational companies that meet specific criteria set with reference to “pillar two of OECD”
NOTE: Pillar two of OECD states if the multinational companies have revenue of at least 750 million EUR or 3.15 billion AED per year then, they will subject to corporate tax at rate of 15%.
Our expert team from Al Wahat Accounting and Internal audit will ensure that your business is compliant as per FTA requirements and will provide you the best services regarding upcoming corporate tax.
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