The UAE, being a prominent business hub and a favoured destination for company establishments, has its unique set of regulations and requirements. It is imperative for entrepreneurs to familiarize themselves with the country's laws, particularly regarding taxes applicable to their operations. There are two key taxes that business owners in the UAE need to understand:…
Corporate Tax in UAE
The UAE Ministry of Finance has implemented Corporate Tax, a direct tax on the net income of corporations and other businesses, effective for financial years starting from June 1, 2023. Also known as "Business Profits Tax" or "Corporate Income Tax" in other regions, the Corporate Tax will have the world's lowest…