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The UAE Ministry of Finance has issued three new resolutions regarding corporate tax.
- 25 April 2023
- Posted by: Liza
- Category: Innovation
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Corporate tax has been set at a rate of 9% on taxable income exceeding AED 375,000 and a 0% rate on the portion of taxable income below that threshold.
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Ministry of Finance Issues Decision on Corporate Tax Exemption: Conditions and Implications
- 25 April 2023
- Posted by: Liza
- Category: Economics
“The new ministerial decision clarifies the conditions under which a person may be considered exempt or cease to be exempt from a different date, as well as other cases that allow the continuation of the exemption status. This includes the presence of an unforeseen or exceptional circumstance beyond the control of the exempt person that could not have been reasonably anticipated or avoided.”
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