New corporate tax in 2023
Effective June 2023, the UAE’s new corporate tax will apply to businesses with profits of at least AED 375,000 per year – the tax will be 9%.
What is exempt from corporate tax in the UAE?
Corporate tax will not apply to:
- Salaries of working residents
- Activities of government entities (excluding business activities)
- Activities of qualified free zones
- Investment funds
- Pension funds
- Public organizations
- Personal income from bank deposits
- Exchange earnings
- Savings programs