The UAE authorities introduced a corporate tax on June 1st, 2023. As per the new law, any taxable individual or business must pay a 9% corporate tax, starting from their initial financial year that begins on or after the mentioned date. Let’s explore the connection between ERP Software and corporate tax UAE. This announcement has… Read More »
Corporate tax exemptions and incentives are key factors that attract businesses to the United Arab Emirates (UAE). With a business-friendly environment and a focus on economic growth, the UAE offers a range of tax benefits to support and incentivize businesses. In this blog post, we will explore the top 5 corporate tax exemptions and incentives… Read More »
For a long time, the UAE has been a tax haven! Entrepreneurs and small company owners from all over the world were flocking to Dubai and other Emirates to pursue their goals. Because of the subsidized corporation tax and hospitable business climate. To flourish. To accomplish. The corporate climate evolves as time goes on. The… Read More »
Recently, the authorities of the United Arab Emirates (UAE) announced that the corporate tax will get introduced from 1st June,23 in the country. As expected, this news has created a buzz among businesses and tax professionals. Interestingly after this, the UAE will become 4th among the GCC countries to introduce a federal corporate tax. If… Read More »
Before starting the blog, let’s talk about corporate tax. According to the UAE Ministry of Finance, a federal corporate tax (CT) was implemented on corporate net earnings. The net income or profit of corporations and other organizations from their business is taxed directly as corporate tax. All businesses operating in the UAE must pay UAE… Read More »
