Understanding the UAE’s New 15% Domestic Minimum Top-up Tax for Multinational
Starting January 1, 2025, the United Arab Emirates (UAE) will enforce a 15% Domestic Minimum Top-up Tax (DMTT) for multinational enterprises (MNEs)operating inside its borders. This circular aligns the UAE with global tax requirements and displays its dedication to the Organization for Economic Co-operation and Development (OECD) Global Anti-Base Erosion Model Rules (Pillar Two). The introduction of corporate tax in Dubai aims to make sure that big multinational groups pay a minimal degree of tax on their profits, no matter where they operate. What is the Domestic Minimum Top-Up Tax (DMTT)? The DMTT is designed to make sure that…