![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/FVMZ4YNF6NG2FMKELMJL6PW6KQ.jpg?smart=true&auth=fb11b75bf2d5a721a5025ac70d2c6282753eabcc69f278414f3cdebd025dfe28&width=400&height=225)
The UAE corporate tax regime builds from best practices globally and incorporates principles that are internationally known and accepted. Victor Besa / The National
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The UAE issued its federal corporate tax law that will levy a headline 9 per cent rate on taxable income exceeding Dh375,000. Silvia Razgova / The National
Taxable income below the aforementioned threshold will be subject to a 0 per cent rate of corporate tax. Chris Whiteoak/ The National
No corporate tax will apply on salaries or other personal income from employment — be it in the government, semi-governmental, or private sector, the Ministry of Finance said. Chris Whiteoak/ The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/DNQ5SIJUTNEJDIWK52NIOQ5BLE.jpg?smart=true&auth=f7f11ea5cd00fb9728fd558998cf0ff2ad4024707bd61be80d3c10ab50d29d0e&width=400&height=225)
Businesses will become subject to the UAE corporate tax from the beginning of their first financial year that starts on or after June 1, 2023. Victor Besa / The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/FVMZ4YNF6NG2FMKELMJL6PW6KQ.jpg?smart=true&auth=fb11b75bf2d5a721a5025ac70d2c6282753eabcc69f278414f3cdebd025dfe28&width=400&height=225)
The UAE corporate tax regime builds from best practices globally and incorporates principles that are internationally known and accepted. Victor Besa / The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/2MW6XILTCKY72GDTPGMOULDI3Q.jpg?smart=true&auth=8280d422d3fe0eeca51bdfdec184240bdbef707aca21e176176eb2eff3c4a0f0&width=400&height=225)
The UAE issued its federal corporate tax law that will levy a headline 9 per cent rate on taxable income exceeding Dh375,000. Silvia Razgova / The National
Taxable income below the aforementioned threshold will be subject to a 0 per cent rate of corporate tax. Chris Whiteoak/ The National
No corporate tax will apply on salaries or other personal income from employment — be it in the government, semi-governmental, or private sector, the Ministry of Finance said. Chris Whiteoak/ The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/DNQ5SIJUTNEJDIWK52NIOQ5BLE.jpg?smart=true&auth=f7f11ea5cd00fb9728fd558998cf0ff2ad4024707bd61be80d3c10ab50d29d0e&width=400&height=225)
Businesses will become subject to the UAE corporate tax from the beginning of their first financial year that starts on or after June 1, 2023. Victor Besa / The National
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/FVMZ4YNF6NG2FMKELMJL6PW6KQ.jpg?smart=true&auth=fb11b75bf2d5a721a5025ac70d2c6282753eabcc69f278414f3cdebd025dfe28&width=400&height=225)
The UAE corporate tax regime builds from best practices globally and incorporates principles that are internationally known and accepted. Victor Besa / The National
UAE issues corporate tax law, paving way for implementation in 2023
Some businesses or organisations are exempt from corporate tax given their importance and contribution to the economy
![Massoud A Derhally](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2F2ef7c5fc-381a-4c43-8771-5b57d49378de.png?smart=true&auth=e4feb7be53fc027e0c78abaa1d6f082f4f272695e4446f05ee53e3b8e77284dd&width=70&height=70)
Massoud A Derhally
09 December, 2022
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