UAE Corporate Tax Law 2023
The introduction of a corporate tax in the United Arab Emirates (UAE) was unavoidable as the country prepared to transition away from an oil-dominated economy.
In contrast to the 23.5 per cent global average corporate tax rate, the proposed new standard rate of corporate tax (CT) in UAE is one of the lowest in the world at 9%. Nonetheless, the execution of the UAE’s first federal corporate income tax regime represents a significant shift for businesses operating in the UAE. [Read more…]