Uae corporate tax law summary

What is the corporation tax law in UAE?
Corporate Tax will be levied at a headline rate of 9% on Taxable Income exceeding AED 375,000.
Taxable Income below this threshold will be subject to a 0% rate of Corporate Tax.
What is the Withholding Tax rate? A 0% withholding tax may apply to certain types of UAE sourced income paid to non-residents._{Dec 9, 2022}.
What is the decree-law for corporate tax in UAE?
Introduction.
The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the “Corporate Tax Law”) was issued by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (“UAE President”), on 3 October 2022..
Corporate tax will be applicable at a headline rate of 9% on taxable income exceeding AED 375,000.
Those corporations earning below this threshold will be subject to a 0% corporate tax rate.
A portion of taxable income exceeding AED 375,000 (i.e.
AED 400,000-AED 375,000= AED 25,000) at 9% = AED 2,250.
The Programme was launched by the Ministry to raise awareness about the new tax, after the Federal Decree-Law on Taxation of Corporations and Businesses (the “Corporate Tax Law”) was issued last month.
The session is the third in the Corporate Tax Public Awareness Programme and the first to be held online.
The UAE's 2023 corporate tax will be a 9% tax on the profits (revenue minus expenses) of all businesses which generate over 375,000 AED (about USD $100,000).
Businesses that generate less than this sum of money will continue to pay a 0% tax rate.

In our view, the introduction of the UAE's first federal CT regime with statutory tax rates of 0% and 9% with a law that is easily understood by businesses and

The announced UAE CT regime introduces a tier system with 3 rates: All annual taxable profits that fall under AED 375,000 shall be subject to zero rate. All annual taxable profits above AED 375,000 shall be subject to 9% rate.

The Corporate Tax Law provides the legislative basis for imposing a federal tax on corporations and business profits (“Corporate Tax”) in the UAE. It comprises 20 Chapters and 70 Articles, covering, inter alia, the scope of Corporate Tax, its application, and rules pertaining to compliance and the administration of the Corporate Tax regime.

Uae corporate tax law summary

What is the corporation tax law in UAE?

What is the decree-law for corporate tax in UAE?