The United Arab Emirates opened corporate tax registration for public joint stock companies and private entities

Starting from May 15, public joint stock companies and private companies in the UAE can start registering for corporate tax*. However, at the moment this does not apply to companies operating in free economic zones and entrepreneurs (individuals), their registration will begin later.

Corporate tax will be levied during the fiscal years beginning on or after June 1, 2023. Taxable persons have to register and obtain a tax registration number for corporate tax purposes.

The Federal Tax Administration has stated that companies can register using the EmaraTax digital tax services platform.

*The UAE has introduced a federal corporate tax with a standard statutory rate of 9%, as a result of which the income of companies exceeding $102,000 falls into the tax base. Taxable profits below the threshold will be taxed at a rate of 0%.

Источник: The National