Corporate Tax

The United Arab Emirates has agreed to introduce a tax on company earnings for the fiscal year beginning on or after June 1, 2023. The following are the planned UAE tax rate rates: 

• There is no tax on taxable income up to AED 375,000
• Taxable income above AED 375,000 is subject to a 9% tax rate.

Non-Taxable Income & Exemptions

• People who have savings accounts or other types of accounts can earn interest and other types of income.
• People who own stocks, real estate, or other assets in their own names, and get dividends, capital gains, or other types of income.
• In the UAE, anybody can invest in real estate in their individual capacity without needing a license or a corporate license.
• There won't be any withholding taxes on payments made domestically or internationally.
• Salary or job income is what determines a person's wages.
• Qualifying shareholdings in a UAE company result in dividends and capital gains.
• Qualifying intra-group transfers and reorganisations.
• Businesses that exploit natural resources while also engaging in economic activity.