Ministry of Finance to introduce Corporate Tax on business profits starting as of 1st June 2023 |
Ministry of Finance to introduce Corporate Tax on business profits starting as of 1st June 2023
UAE Corporate Tax will apply to all UAE businesses, except for the extraction of natural resources, which will remain subject to Emirate level corporate taxation. Foreign entities and individuals will be subject to Corporate Tax only if they conduct a trade or business in the UAE in an ongoing or regular manner.
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