Corporate Tax:

• Corporate tax will be applicable to all UAE businesses, with exceptions that might include certain freezones and activities such as extraction of natural resources. Furthermore, foreign investors will only be subject to corporate tax if they carry on business in the UAE.
• Tax rates communicated by the authorities so far are 0% for the taxable income of AED 375,000 to support small businesses and start ups. However such businesses are still required to submit the corporate tax return that will include details of their income and expenses with the benefits of 0% tax rate. On the other hand, 9% tax rate is applicable on the taxable income of AED 375,000 or more.