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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 first episode, Neil Guthrie, Senior Director of Finance and Tax at Re/think, and Keerthi Voodimudi, Director of Tax at Re/think, introduce Corporate Tax to the viewers.

*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 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

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