The standard corporate tax rate in the UAE is set at 9%, with specific thresholds for SMEs and large corporations.
Businesses can significantly reduce their tax liability by carefully tracking and claiming all allowable deductions, including operational costs and depreciation.
Free Zone companies must meet specific regulatory requirements to maintain their tax-exempt status under the new corporate tax law.
Government-owned entities and companies involved in natural resource extraction are exempt from the corporate tax under the current regime.
Late filing or failure to pay corporate tax can result in substantial penalties, so businesses must ensure timely compliance.
Businesses in Free Zones can optimize their tax savings by fully utilizing the tax incentives while adhering to compliance requirements.
The UAE corporate tax regime includes special provisions for SMEs, with certain income thresholds below which businesses may be exempt from corporate tax.
Double Taxation Agreements help businesses operating in multiple countries reduce their tax liabilities by preventing double taxation on the same income.
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