Federal Corporate Tax UAE: Introduction | Accountantant's Box
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Federal Corporate Tax UAE – Basic Introduction? | Accountantant's Box Federal Corporate Tax UAE Federal Corporate Tax UAE : On 31 January 2022, the UAE Ministry of Finance (MoF) has announced a new tax i.e the Federal Corporate Tax UAE which will be applicable in the UAE and it will be effective and starting on or after 1 June 2023. It will be a turning point in UAE’s history for having a successful track record, and UAE has always been integrated with global trade and practices, while lowering compliance burden on organisations and making them much more transparent. UAE: Introduction of Federal Corporate Tax UAE? Federal Corporate Tax UAE rate as per Corporate Income TAX: There will be a progressive rate which is described as follows: 0% for taxable income up to AED 375,000; 9% for taxable income above AED 375,000; There will be a different tax rate for Federal Corporate Tax UAE that would also apply for big multinationals which meet specific criteria with reference to 'Pill