

The UAE Ministry of Finance (MoF) announced on 31 January 2022 that the federal Corporate Tax in Dubai will become applicable for fiscal years beginning on or after 1 June 2023. It is believed that the UAE Corporate tax will adhere to the best international taxation principles and will have minimal compliance ramifications for firms.
The United Arab Emirates’ decision to introduce the Corporate Tax is a response to the changing global tax landscape, particularly in relation to the Pillar One and Pillar Two reforms that the Organization for Economic Cooperation and Development (OECD) is attempting to implement as part of the Base Erosion and Profit Shifting Project (BEPS Project 2.0).
In designing and implementing the proposed UAE CT system, the Ministry of Finance has adhered to a set of internationally recognised standards to promote efficiency, justice, openness, and predictability.
The UAE government wants to accomplish the following through implementing CT:
Please contact us immediately if you are seeking Corporate Tax professionals in Dubai or the UAE who can explain how you should prepare your firm for the impending Federal Corporate Tax law.
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