Mon-Fri from 08:00 till 19:00 Kyiv
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777

Income tax in the UAE came into effect on June 1

Income tax in the UAE came into effect on June 1

The UAE announced the introduction of its first corporate tax last year. Previously, there was no such tax in the UAE, and therefore Dubai and Abu Dhabi were attractive destinations for international companies. Instead, the UAE relied on VAT as well as commissions paid by companies.

The tax was introduced as the UAE, like other Gulf countries, seeks to reduce its dependence on oil and gas.

Corporations and businesses in the UAE pay a new tax every year starting June 1.

What rates?

  • 0% of taxable income up to AED 375,000 (approx. USD 100,000);
  • 9% on taxable income above AED 375,000.

The UAE introduced an income tax after consultations with the OECD, the project itself aimed at reducing tax evasion.

The tax will apply to all companies registered in the UAE, as well as to banking operations, foreign entities and individuals doing business in the UAE “in the ordinary course” and businesses in the UAE’s “free zones”.

Order service

with our specialists

Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777
Only name@mail.com format accepted
Only letter, numbers and spaces (from 2 till 30 characters)
Any questions left?

Sign up for free consultation with our specialist

Only letter and space (from 2 till 30 characters)
Enter correct number, ex. +380777777777