The new UAE corporate tax regime is an opportunity for heads of tax of affected groups to bring tax to the boardroom agenda. Raj Singh Bal (Aramex) sets out the key considerations.
On 9 December 2022 the United Arab Emirates (UAE) released its much-anticipated corporate tax (CT) legislation under Federal Decree Law No. (47) of 2022 on the Taxation of Corporations and Businesses (‘CT regime’) introducing corporate income tax from June 2023 in the UAE for the first time. With this introduction the UAE aims to reaffirm its commitment to meet international standards for tax transparency and to prevent harmful tax practices in line with the OECD.
Younis Haji Al Khoori Undersecretary of the Ministry of Finance of the UAE stated that ‘the certainty of a competitive and best-in-class corporate tax regime together with the UAE’s extensive double tax treaty network will cement the...
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The new UAE corporate tax regime is an opportunity for heads of tax of affected groups to bring tax to the boardroom agenda. Raj Singh Bal (Aramex) sets out the key considerations.
On 9 December 2022 the United Arab Emirates (UAE) released its much-anticipated corporate tax (CT) legislation under Federal Decree Law No. (47) of 2022 on the Taxation of Corporations and Businesses (‘CT regime’) introducing corporate income tax from June 2023 in the UAE for the first time. With this introduction the UAE aims to reaffirm its commitment to meet international standards for tax transparency and to prevent harmful tax practices in line with the OECD.
Younis Haji Al Khoori Undersecretary of the Ministry of Finance of the UAE stated that ‘the certainty of a competitive and best-in-class corporate tax regime together with the UAE’s extensive double tax treaty network will cement the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
