The UAE’s corporate sector has geared up their efforts to comply nine per cent corporate tax that will be effective in June 2023, however majority of the businesses are not yet ready to keep their accounting and auditing process up to date, experts say. More trade licenses issued The UAE’s National Economic Register’s latest data
Corporate tax is a direct tax levied on the profits of business entities Dubai: For many years, Gulf economies have maintained low or zero taxes in order to attract foreign business owners and their investment. The GCC remains an attractive jurisdiction for foreign investment due to favourable tax regimes in most countries in the region.