Corporate Tax (CT )is a form of direct tax levied on the net income or profit of corporations and other businesses. The UAE CT regime will become effective for financial years starting on or after 1 June 2023. The Tax Period will normally be the Gregorian calendar year (i.e. from 1 January to 31 December), unless the business applies a different 12-month period for preparing its financial statements.
RATES for Corporate Tax (CT)
Individuals and juridical persons:
0% till AED 375,000 / 9% excluding AED 375,000.
Qualifying Free Zones persons:
0% on qualifying income / 9% on non-qualifying income
Discover if your business operates in a qualifying free zone by reaching out to Starks Management Consultancies. The team can assist you in assessing whether your income is considered qualifying or non-qualifying. Stay informed and make the right decisions for your business
