Amending Certain Provisions of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses We Mohamed bin Zayed Al Nahyan President of the United Arab Emirates, – Having reviewed the Constitution, – Federal Law No. 1 of 1972 on the Competencies of Ministries and Powers of the Ministers, and its amendments, […]

Introduction About Corporate Tax What is Corporate tax (CT)? Corporate tax is a form of direct tax levied on the net income or profit of corporations and other entities from their business. Corporate tax is governed by Federal Decree-Law No.60 of 2023 <https://assets.u.ae/api/public/content/fea4b90b977e4903b183f02adda9025c?v=6771e8d3> (PDF, 187 KB) Amending Certain Provisions of the Federal Decree-Law No. 47 […]

Corporate Tax (CT) In January 2022, Ministry of Finance announced that it will introduce federal Corporate tax (CT) on the net profits of businesses. The tax will become applicable either on 1 June 2023 or on 1 January 2024, depending on the financial year followed by the business. CT will be applied across all the […]

Having reviewed the Constitution,  Federal Law No. (1) of 1972 on the Competencies of the Ministries and Powers of the Ministers and its amendments;  Federal Law No. (11) of 1981 on the Imposition of a Federal Customs Tax on Imports of Tobacco and its derivatives, and its amendments;  Federal Law No. (26) […]