Essential Tips for Managing Corporate Tax in Dubai Free Zones Effectively
The advent of corporate tax within the UAE, effective from June 2023, has drastically impacted agencies, mainly the ones working in Dubai's Free Zones. With a corporate tax-rate of 0% on qualifying incomes and 9% on different taxable incomes, it's vital for businesses to navigate this new panorama effectively. Here are important guidelines for dealing with corporate tax in Dubai Free Zones. Know the Tax Structure Corporate Tax Rates 0% Rate: Applicable to Qualifying Income for companies that meet unique criteria. 9% Rate: Imposed on taxable income exceeding AED 375,000 that don't qualify below the zero-rate taxegime. Understanding those prices…