Archive for Category: Tax

Corporate TAX

The Ministryof Finance has announced the introduction of a 9% federalcorporate tax in the UAEon business profits with a threshold of AED 375,000.This updatewill become effective from the financialyear beginning 1st June 2023. TheUAE corporate tax rateis amongst the...

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VAT AND TAX ADVISORY SERVICES

VAT EXPLAINED Gulf Co-operation Council (GCC) countries have agreed ‘in principle’ to the GCC VAT Agreement to implement VAT (Value Added Tax) in the region. VAT is a type of indirect tax and the most common type of consumption...

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