Corporate Tax - Taxfy

On January 31st, 2022, the Ministry of Finance of the UAE announced the introduction of corporate tax effective with the financial years starting on or after 1st of June 2023. Corporate Tax is a form of direct tax levied on the net income or profit of businesses. With the upcoming tax regime, it is critical for businesses operating in the UAE to keep sound accounting records and create a tax strategy which is aligned with their short- and long-term goals. Get free consultation.