The Ministry of Finance in the UAE announced the introduction of a federal Corporate Tax (CT) on business profits effective for the financial year starting on or after 1 June 2023.
Proposed CT rates are:
The details on the proposed CT regime are set out in the public consultation document, press release and the FAQs published on the website of the MoF and the Federal Tax Authority. Further, the technical aspects and obligations will be released by the Ministry of Finance, UAE in the official legislation in the coming time.
We at Sun Reanda, strive to provide the best and most efficient solutions for your business to allow ease of implementation of corporate tax and can help you to understand and evaluate the impact of UAE CT on your business and transactions and prepare your company and yourself better for the challenges that lie ahead.
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