If you are looking for a PDF of UAE Corporate Tax 2023, you are in the right place. At the end of this post, we added a button to download the United Arab Emirates Corporate Tax PDF.
UAE Corporate Tax
The UAE corporate tax will be implemented on 1 June 2023 and apply from the beginning of the first financial year starting on or after that date. Businesses will be liable to pay a tax of 9% on taxable profits of more than AED 375,000.
The contribution of PIT went up from 2.39 percent of GDP (FY2019) to 2.97 percent (FY2023). GST went up from 2.42 percent to 2.64 percent. But corporate taxes went down from 3.51 percent of GDP to 3.03 percent. It is rather exceptional, given the roaring recovery in corporate profits from the bottoms formed in 2020.
Effective from the financial year starting on or after June 2023, businesses in the UAE will be subject to corporate tax, which will impose a standard rate of 9 percent on taxable profits exceeding Dhs375,000. Profits up to this threshold will be taxed at a zero percent to support small businesses and startups.
Download UAE Corporate Tax 2023 PDF
To download the UAE Corporate Tax Details PDF, just click on the download button below. Within a few seconds, the UAE Corporate Tax Rate PDF will be on your device.