Pro Services, Corporate Tax & Auditing in Dubai

Elegantlaundry22 Feb, 2023Other

On 8th October 2021, the United Arab Emirates (?UAE?) (amongst 137 countries) agreed to implement the OECD?s Two-Pillar approach to reform its International Tax Framework and to implement a minimum Corporate Tax rate starting 2023.Following this development, on 31 January 2022, the Ministry of Finance of the UAE announced the introduction of a Federal Corporate Tax regime on business profits effective for Financial Years starting on or after 1 June 2023.