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UAE Consulting on Introduction of Corporate Tax Regime from June 2023

|Proposed Changes|United Arab Emirates
United Arab Emirates

The UAE Ministry of Finance has launched a public consultation on the introduction of a federal corporate tax regime. As previously reported, the UAE is planning to introduce the corporate tax regime for financial years beginning on or after 1 June 2023, including a standard statutory rate of 9%, with a 0% rate for taxable profits up to AED 375,000 to support small businesses and startups (app…

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