Page 34 - AAE PR REPORT December 2023

12/21/23, 10:17 AM UAE 2023: A year in review - Arabian Business

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The UAE Corporate Tax came into effect on June 1 this year in what was a major move for

the country. UAE businesses are now expected to pay a 9 percent corporate tax if their
incomes exceed AED375,000. Any profits below this threshold are not taxable.

Pension or investment funds, government, government-controlled organisations, public
benefit organisations and extractive and non-extractive natural resource businesses that

meet set conditions will not be required to register under the tax law.

UAE royal wedding

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