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So how will the new UAE Corporate Tax Regime change things.
The IBZ UAE Corporate Tax Overview
June 2023 will implement the UAE Corporate Tax Law
So if you would be a business with taxable profits exceeding AED 375,000, you will be levied with a 9% corporate tax. Albeit, lowest in the world, this tax is only applicable to taxable profits and not to the company’s total turnover.
3 Important Points
Get acquainted with the mandatory requirments
1- All Businesess are required to register for corporate tax
3- It is mandatory for all businesses to file a tax return, also including its other companies that are eligible for tax exemption.
Get prepared
Get reliable corporate tax support.
The IBZ team is a team of highly qualified accountants and tax consultants who can guide you in navigating the UAE’s new 2023 corporate tax law.
Remaining doubtful over being exempted or being eligible can be risky, the IBZ Tax Team will help you formulate and regulate the right tax implementation regime to keep your business running smoothly in the UAE.
You want to know correct information on procedures, next steps, and documents needed, get in touch with an IBZ Consultants now by clicking the Whatsapp to your right.
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