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UAE to introduce corporate tax from next year

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The ministry of finance of the United Arab Emirates has confirmed that it will introduce federal corporate tax for financial years starting on or after 1 June 2023 at a standard statutory tax rate of 9%, subject to certain exemptions for smaller businesses. The UAE had confirmed previously in July 2021 that it would support the global minimum effective tax rate under BEPS 2.0.

Issue: 1562
Categories: News