Tax, Accounting & Auditing

The United Arab Emirates is renowned for its favorable tax environment, and in 2023, corporations operating within its borders have an array of opportunities for efficient corporate tax planning. To embark on this journey, it is essential to comprehend the intricacies of the UAE’s tax structure and the dynamic landscape it presents. In this blog entry, we will delve into the foundations of UAE tax structure and explore various considerations for crafting effective corporate tax management strategies.

The UAE Ministry of Finance made a breakthrough announcement in January 2022 that it will introduce federal Corporate Tax (‘CT’) in UAE post which it introduced the Federal Decree Law No. 47 of 2022 on the Taxation of Corporations and Businesses (‘CT Law’) by virtue of which Corporate Tax has been introduced in UAE making a landmark change the taxation system of UAE.