What Will the UAE's 9% Tax Mean?

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On January 31, the United Arab Emirates’ Ministry of Finance announced the implementation of a federal corporate tax regime at a standard nine percent rate, which will apply to relevant businesses from June 2023.

While complying with international standards, UAE has very carefully balanced its obligations and interests to remain a location of choice for foreign direct investments in the Middle East.

The competition for being a regional business hub is fierce given that giant neighbor Saudi Arabia also has set up initiatives to own a large portion of the market.

With a corporate tax of nine percent, large deduction and tax losses rules, and generous foreign tax credits, UAE is increasing its attractiveness as a compliant yet friendly tax country. In comparison, Saudi Arabia's corporate tax rate is 20%, Egypt’s is 22.5%, Oman and Kuwait offer a 15% rate, and Qatar’s is 10%.

In this video Rusudan, our Chief Financial Officer shares all the details of what UAE's 9% tax means.

00:00 Start
0:27 The UAE's New Corporate Tax
1:23 Who Will be Taxed?
1:43 When Did Dubai Start Taxing?
2:38 What Does That Mean for Business?
3:04 Expert's Opinion
4:25 UAE's Government

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