UAE CORPORATE TAX ESSENTIALS

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses, that will start the corporate tax regime for taxpayers with financial years starting on or after 1 June 2023, with a standard statutory 9% tax rate for taxable profits exceeding AED 375,000*.

In a series of podcasts, team Re/think is discussing the multiple angles of Corporate Tax and how to prepare for it.

In our second episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, discuss the impact of Corporate Tax on UAE businesses.

*The threshold of AED 375,000 is yet to be confirmed by the Cabinet Decision

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses, that will start the corporate tax regime for taxpayers with financial years starting on or after 1 June 2023, with a standard statutory 9% tax rate for taxable profits exceeding AED 375,000.

In a series of podcasts, team Re/think discusses the multiple angles of Corporate Tax and how to prepare for it.

In our third episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, discuss the impact of UAE Corporate Tax on medium and large enterprises.

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses, which will start the corporate tax regime for taxpayers with financial years starting on or after 1 June 2023, with a standard statutory 9% tax rate for taxable profits exceeding AED 375,000.

In a series of podcasts, team Re/think discusses the multiple angles of Corporate Tax and how to prepare for it. In our fourth episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, discuss the implications of UAE Corporate Tax on free zone entities in the UAE.

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses, which will start the corporate tax regime for taxpayers with financial years starting on or after 1 June 2023, with a standard statutory 9% tax rate for taxable profits exceeding AED 375,000.

In a series of podcasts, team Re/think is discussing the multiple angles of Corporate Tax and how to prepare for it. In our fifth episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, discuss the implications of UAE Corporate Tax for Holding Companies and SPVs.

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses, which will start the corporate tax regime for taxpayers with financial years starting on or after 1 June 2023, with a standard statutory 9% tax rate for taxable profits exceeding AED 375,000.

In a series of podcasts, team Re/think is discussing the multiple angles of Corporate Tax and how to prepare for it. In our sixth episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, discuss the implications of UAE Corporate Tax for Foundations.

Follow our podcasts to learn more about the upcoming episode, which will be on “Investment Funds & Exemption from Corporate Tax.”

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses, which will start the corporate tax regime for taxpayers with financial years starting on or after 1 June 2023, with a standard statutory 9% tax rate for taxable profits exceeding AED 375,000.

In a series of podcasts, team Re/think is discussing the multiple angles of Corporate Tax and how to prepare for it. In our seventh episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, discuss the implications of UAE Corporate Tax for the Financial Services Sector.

Follow our podcasts to learn more about the upcoming episode, which will be on “Practical Aspects of CT Implementation”

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses, which will start the corporate tax regime for taxpayers with financial years starting on or after 1 June 2023, with a standard statutory 9% tax rate for taxable profits exceeding AED 375,000.

In a series of podcasts, team Re/think is discussing the multiple angles of Corporate Tax and how to prepare for it. In our eighth episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, discuss the clarity for UAE Free Zone Businesses.

Follow our podcasts to learn more.

On 9 December 2022, the UAE Ministry of Finance (MOF) published the Federal Decree-Law No. 47 of 2022 – on Taxation of Corporations and Businesses. The law applies to all businesses, and it started with businesses with financial years beginning on 1 June 2023. A standard statutory 9% tax rate for taxable profits exceeding AED 375,000 applies, with special rules for Free Zones. In a series of podcasts, team Re/think is discussing the multiple angles of Corporate Tax and how to prepare for it.

In our ninth episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Urvi Zatakia, Associate Director – Finance at Re/think, discuss the practical, day-to-day issues for businesses to consider in implementing Corporate Tax into their accounting, bookkeeping and administration systems, processes, and procedures.

Follow our podcasts to learn more.