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SAIF CHARTERED ACCOUNTANTS
According to the UAE Ministry of Finance release in January2022,
Corporate Tax in UAE would apply at a standard rate of 9% with the
following tax segmentation and rates:
0% for taxable income up to AED 375,0009% for taxable income exceeding AED 375,000A separate tax rate (not yet set) for major multinationals that fulfill particular conditionsHow is corporate tax calculated in UAE?
Corporate tax in UAE is calculated at 9% of the net profit shown in
the company’s financial statements after deducting all applicable
deductions and excluding the exempted income. Any foreign taxes paid
will also be allowed for reduction from the profit shown in the
financial statement.
The net profit derived after all deductions will be considered as...
