UAE’s Corporate Tax Updates: How They Impact Your Business License
The UAE has been a global business hub, offering entrepreneurs and corporations a tax-friendly environment. However, with the introduction of corporate tax, businesses must stay updated to ensure compliance and maintain their licenses without interruptions. Whether you’re a startup or an established company, understanding the latest corporate tax updates is essential for seamless operations. Stay Updated, Subscribe our WhatsApp Channel Key Corporate Tax Updates The UAE introduced a 9% corporate tax on business profits exceeding AED 375,000, applicable from June 2023. However, several recent updates have clarified exemptions, compliance requirements, and their impact on business licensing. 1 . Free Zone Companies & Corporate Tax While businesses operating in designated free zones continue to enjoy tax incentives, they must adhere to specific criteria to maintain their tax-free status. Free zone entities that engage in mainland business activities may be subject ...