On 31st January 2022, the Ministry of Finance of UAE introduced Federal Corporate Tax regime on Business profits of UAE based companies. The regime will be in full force starting from 1st June 2023.

We have attached here with some of the highlights of new Tax Regime but a more detailed description of the law will be shared once it becomes available. In this Highlight Summary, we have provided a brief introduction on the new Corporate Tax and its initial applicability based on information currently available.

We at Wise Consultancy will keep you informed on the new tax regime & our team of experts will help you in assessing the challenges and opportunities that the introduction of Corporate Tax will bring.

Meanwhile if you need any assistance on your Tax related matters,

Please feel free to contact our experts at :

 tax@wisefinance.info

call us on +971 56 120 4624.