Corporate Tax Planning in Dubai

Shuraatax03 Jul, 2024Finance

Dubai is globally acclaimed for its favorable business conditions including the attractive tax regime that draws global investors and entrepreneurs to set up their ventures in the Emirate. As per the new corporate tax system, companies operating in Dubai shall be subject to a corporate tax rate varying from 0-9% based on their taxable income. The Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses encourages Corporate Tax Planning Dubai in order to promote tax transparency and prevent harmful tax practices, thereby laying the groundwork for implementing a Federal Corporate Tax in the country.