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New UAE Corporate Tax Law From June 2023

by Aaden Jones Aaden Jones

The much-awaited UAE Corporate Tax Law has been legislated by the United Arab Emirates (UAE), on 09th December 2022, vide Federal Decree-Law No. (47) of 2022, on the Taxation of Corporations and Businesses in UAE.

The UAE Corporate Tax Law provides the legislative basis for the introduction and implementation of a Federal Corporate Tax (“CT”) in the UAE and is effective for financial years starting on or after 1st June 2023.UAE Corporate Tax will be levied at a headline rate of 9% on Taxable Business Income exceeding AED 375,000 Income.

The UAE corporate tax rate may range from 0% to 15% depending on the companies’ profit generation capacity. The introduction of corporate tax is intended to help the UAE achieve its strategic objectives and accelerate its development and transformation

https://elevateauditing.com/uae-corporate-tax-law-2023/


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About Aaden Jones Senior   Aaden Jones

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Joined APSense since, August 8th, 2022, From Henderson, NV, United States.

Created on May 11th 2023 08:21. Viewed 576 times.

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