The UAE introduced a new corporate tax that takes effect in June 2023.
The UAE’s corporate tax rate will become one of the lowest in the world and is anticipated to attract a volume of inward investment
-There will be no withholding tax on dividends, interest, royalties, and similar payments.
-The rate is 0% for taxable income up to AED 375,000; the rate is 9% for taxable income above AED 375,000
-A higher rate is set for large multinationals (with global revenues of more than AED3.15 billion)
-Strategically plan ahead for your UAE based business, with Kozman & Co.’s tax experts