How UAE Corporate Tax Affects Foreign-Owned Businesses
The introduction of corporate tax within the UAE has bought considerable changes for foreign-owned businesses operating within the country. Understanding how this new tax regime impacts those businesses is crucial, and consulting with corporate tax experts in Dubai has come to be vital for powerful compliance and strategic planning. Overview of UAE Corporate Tax for Foreign-Owned Businesses Effective from June 1, 2023, the UAE corporate tax law imposes a federal corporate tax at a standard rate of 9% on taxable income exceeding AED 375,000. This tax applies to all businesses, which include foreign-owned companies that have a permanent establishment…