Corporate Tax Allows to Deduct Losses in Taxable Income
Everything you know about how Corporate Tax (CT) applied for Losses, Withholding Tax, Free Zones, Transfer Pricing and Company Administration.
Corporate Tax – When will the UAE CT become effective?
The UAE Corporate Tax regime will become effective for financial years starting on or after 1 June 2023. Introducing a CT regime is to preventing harmful tax practices.
UAE Introduces Corporate Tax
On 31 January 2022, the Ministry of Finance(MoF) of the UAE announced the introduction of a Federal Corporate Tax (CT) regime on business profits effective for Financial Years starting on or after 1 June 2023.