The UAE recently introduced a federal corporate tax (CT), which is a tax on a company’s profits. Here’s the deal:
This is the standard rate, but you only pay it on profits exceeding AED 375,000 (around $102,000).
If your company makes less than AED 375,000 in profit, you don't pay corporate tax. However, the registration is Mandatory.
Foreign banks often have a flat 20% tax rate.
Their tax situation is a bit unique and depends on individual agreements.
You might fall under special rules if your company is a giant with global revenue.
It’s always best to consult with a tax professional for specific advice on your situation.
With a collective experience crossing decades and a well-rounded team of FTA certified tax agents, accountants,financial
professionals and more, the experts of Shuraa Tax are ready to take on any challenge they face.
Stop the stress. Let Shuraa handle your UAE taxes.
With a collective experience crossing decades and a well-rounded team of FTA certified tax agents, accountants,financial
professionals and more,the experts of Shuraa Tax are ready to take on any challenge they face.
Yes, businesses of any type in any jurisdiction of the UAE are obligated to register for corporate tax as per the law.
The profit earned by a Qualifying Free Zone Person from international or UAE Free Zone business is labelled as “Qualifying Income.”
Before registering for corporate tax, it’s vital to thoroughly assess the risks and legal factors related to the business before and after implementation. This approach ensures compliance with the country’s tax regime. Failure to properly assess may lead to fines and penalties.
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