In a significant shift, the United Arab Emirates (UAE) has introduced a 9% federal corporate income tax, applicable to businesses with taxable income exceeding AED 375,000.
Effective Date:
For financial years beginning on or after June 1, 2023.
Who is affected?
Local businesses and international entities with a UAE presence or revenue base.
Why the change?
The move aligns the UAE with global tax standards and increases transparency.
This change affects tax planning, transfer pricing, and cross-border business models. NYBACS can help you reassess your UAE operations and ensure tax compliance while optimizing your corporate structure.
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