Prepare for Corporate Tax in Dubai: Key Steps to Take
Navigating the business tax panorama in Dubai is important for business-groups seeking to thrive in this dynamic financial environment. With the advent of the Corporate Tax Law below Federal Decree-Law No. 47 of 2022, businesses must prepare for compliance and strategic tax planning. This article explores how groups can get prepared for corporate tax in Dubai and highlights the crucial role of corporate tax experts. Understanding Corporate Tax in Dubai In 2023, Dubai carried out a corporate tax fee of 9% on taxable earnings exceeding AED 375,000. For groups with taxable earnings under this threshold, a 0% fee applies. This…