UAE tax

TaxGPT chatbot has received more than 1,000 questions so far

A standard statutory rate of 9 per cent will apply starting from the financial year beginning on or after June 1

Decisions clarify basis of preparing financial statements and exemptions for private regulated pension funds and social security funds

Personal income from employment, investments and real estate will not be taxed

The decree law allows for expenses, including remuneration packages, to be offset against qualifying revenue

Organisations can register through the EmaraTax digital tax services platform

The decision clarifies procedures for companies undergoing liquidation or termination

Ministerial decision aims to prevent tax avoidance and double non-taxation

There is much detail within the decree law to be understood

Scheme not available to qualifying free zone persons or members of multinational enterprises groups, Ministry of Finance says