
Getting ready
for corporate tax launch.
In January 2022, Ministry of Finance (MoF) announced that it will introduce federal Corporate tax (CT) in the United Arab Emirates. Corporate Tax will come into effect 1 Jun 2023 and depending on your financial year, may be applicable from 2023 or 1 Jan 2024. It is expected to be introduced at 9% across all emirates. Certain exceptions will apply; however; important to have transfer pricing agreements in place in case of related parties and have mechanisms to maintain tax adjustments to track deferred tax assets and liability.
In OBCO we know how to prepare your business for this, to get ready and learn more click the button below!
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In OBCO we know how to prepare your business for this, to get ready and learn more click the button below!