Uae corporate tax law

What are the tax rules in UAE?
The UAE does not levy income tax on individuals.
However, it levies corporate tax on oil companies and foreign banks.
Excise tax is levied on specific goods which are typically harmful to human health or the environment..
Impact on Businesses
The introduction of a corporate tax in the UAE may have several impacts on businesses operating in the country.
Companies making profits/taxable income of more than AED 375,000 will now be subject to a 9% corporate tax rate, which could potentially reduce their profits.
What is the tax rate for Corporate Tax in Dubai? The standard tax rate for Corporate Tax in Dubai is 9%.
However, there is a three-tier system: Annual taxable profits up to AED 375,000 (approximately $102,000) are subject to a 0% tax rate.

What is the UAE Tax Law 2022?

On 9 December 2022, the UAE issued the Federal Decree-Law No

(47) of 2022 on the taxation of corporations and businesses (hereinafter referred to as the “CT law”)

The unofficial translation can be found on the MoF website

FAQs were also published on the MoF website, and these provide a number of useful clarifications to the law