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“UAE’s Taxable Persons and Tax Base: Understanding the Implications for Residents and Non-Residents” The United Arab Emirates (UAE) has recently introduced a new tax system, the Corporate Tax Law (CT Law), that has far-reaching implications for all individuals and entities doing business in the country. Understanding the CT Law is crucial for ensuring tax compliance […]

Introduction The UAE has recently introduced the Corporate Tax Law (CT Law) which includes a number of exemptions for certain Persons. This article will provide an overview of the Persons who are exempt from UAE CT. Government Entities The first group of Persons exempt from UAE CT are Government Entities. These entities are defined as

What is Corporation tax in the UAE? Corporate Tax, also known as Corporate Income Tax or Business Profits Tax, is a direct tax imposed on the net profits of corporations and businesses operating in the UAE. With the country’s thriving economy, it is essential for businesses and individuals to understand the implications of Corporate Tax

Corporation Tax- what we know so far On 9 December 2022, the UAE released the Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses (hereinafter referred to as the CT Law). The CT Law was published in the Official Gazette on 10 October 2022 and became effective on 25 October 2022