Corporate tax law uae 2023 pdf

  • What are the rules for corporate tax in UAE 2023?

    The UAE corporate tax will be implemented on 1 June 2023 and apply from the beginning of the first financial year starting on or after that date.
    Businesses will be liable to pay tax of 9% on taxable profits of more than AED 375,000 (1.000 AED is the equivalent of around USD 272)..

  • What is Article 23 of corporate tax in UAE?

    Article 23 : Participation Exemption under the UAE Corporate Tax Law.
    The underlying aim of drafting provisions to regulate Participation Exemption is to prevent double taxation..

  • What is the latest on UAE corporate tax?

    The Federal UAE CT Law, which is effective for each taxable person's new financial year beginning on or after 1 June 2023, will be applicable across all Emirates and will apply to all business and commercial activities, except to the following exempt persons (subject to conditions): UAE government entity..

  • What is the new corporate tax regime in UAE?

    The UAE Cabinet of Ministers issued Cabinet Decision No. (49) of 2023, on May 8, levying a 9% corporate tax for certain businesses.
    This decision has been viewed as a strategic move to diversify the UAE's income sources beyond oil while allowing the country to maintain its status as a regional commercial hub..

  • Article 23 : Participation Exemption under the UAE Corporate Tax Law.
    The underlying aim of drafting provisions to regulate Participation Exemption is to prevent double taxation.
  • The new law will start on June 1, 2023 and will see businesses levied with a corporate tax of 9% on profits above AED385,000.
    To aid small businesses no tax will be payable on profits up to this amount, but legal experts in the UAE are advising businesses to prepare in advance of the deadline.
May 12, 2023The Corporate Tax Law provides the legislative basis for imposing a federal tax on corporations and business profits (“Corporate Tax”) in the 
May 12, 2023This Explanatory Guide must be read in conjunction with the Corporate Tax Law and the relevant decisions issued by the Cabinet, the Ministry 

Are UAE Business Payments subject to withholding tax?

Payments made by UAE businesses to a nonresident earning UAE-sourced income will be subject to withholding tax at a 0% rate, unless the income is attributable to a branch, or a PE located in the UAE

The Law further states that any other rate may apply as would be specified in a decision to be issued by the Cabinet

What is the corporate tax law 2023?

The Corporate Tax Law will be effective from 1 June 2023 with a headline rate of 9%

The regime includes features that represent best practices in international taxation

Several exemptions are available for businesses operating across strategic sectors

What is the new corporate tax regime in the UAE?

On 9 December 2022, the United Arab Emirates (UAE) Ministry of Finance (MoF) released Federal Decree-Law No

47 of 2022 on the Taxation of Corporations and Businesses (pdf) (Corporate Tax Law or the Law) to enact a new corporate tax (CT) regime in the UAE


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