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Showing posts from February, 2022

New Corporate Tax announced in UAE.

United Arab Emirates is known as business hub in Middle East, because of its geographical location it play a huge role in trading and transport of goods and people. The UAE has develop a sustainable infrastructure which help import and exporter to do trade through UAE. till now the UAE is known as places for tax saving there no corporate tax, No income Tax and few years before there no VAT as well.     The UAE will introduce a federal Corporate Tax on business profits effective for financial years starting on or after 1 June 2023. The UAE Corporate Tax regime has been designed to incorporate best practices globally and minimise the compliance burden for UAE businesses. Given the position of the UAE as a global financial centre and an international business hub, the UAE Corporate Tax regime will support investment and headquarters activities and ensure the free flow of capital, trade, financing, and services. His Excellency Younis Haji Al Khoori, Undersecretary of Ministr...