This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our PRIVACY POLICY for more information on the cookies we use and how to delete or block them.
  • A Preface to Corporate Tax in the UAE

A Preface to Corporate Tax in the UAE

04 February 2022

UAE's Ministry of Finance has announced that Federal Corporate Tax (CT) will be implemented in the UAE from the financial years starting on or after 01 June 2023.

Businesses and commercial activities will be subject to CT, except for the extraction of natural resources, which falls under the jurisdiction of individual Emirates.

In general, CT will be due on the profits of UAE-based businesses, as reported in the Financial Statements prepared according to internationally accepted accounting standards with minimal adjustments.

The Federal Tax Authority (FTA) has updated its website and published Frequently Asked Questions (FAQ) on CT - we have identified certain key impact areas of your businesses that may need attention.