The ministry of finance of the United Arab Emirates has confirmed that it will introduce federal corporate tax for financial years starting on or after 1 June 2023 at a standard statutory tax rate of 9%, subject to certain exemptions for smaller businesses. The UAE had confirmed previously in July 2021 that it would support the global minimum effective tax rate under BEPS 2.0.
The ministry of finance of the United Arab Emirates has confirmed that it will introduce federal corporate tax for financial years starting on or after 1 June 2023 at a standard statutory tax rate of 9%, subject to certain exemptions for smaller businesses. The UAE had confirmed previously in July 2021 that it would support the global minimum effective tax rate under BEPS 2.0.
