The United Arab Emirates introduced a corporate tax system in June 2023. This means most businesses operating in the UAE will pay a 9% tax on their annual profits exceeding 375,000 AED (around $100,000). There’s good news for startups and smaller businesses though, as businesses with profits below 375,000 AED and “Qualifying Free Zone Persons” are exempt from corporate tax.
The United Arab Emirates introduced a corporate tax system in June 2023. This means most businesses operating in the UAE will pay a 9% tax on their annual profits exceeding 375,000 AED (around $100,000). There's good news for startups and smaller businesses though, as businesses with profits below 375,000 AED and "Qualifying Free Zone Persons" are exempt from corporate tax.
Why Choose SPC Free Zone for Corporate Tax Assistance?
We offer comprehensive support, from initial tax advisory to annual account preparation. We handle your registration, ensure your returns are filed on time, and even provide basic bookkeeping in Excel to keep your financials organised.
This service includes:
Corporate Tax Advisory at the beginning
Corporate Tax Registration
Corporate Tax Return Filing
Bookkeeping in Excel (maximum of 2 transactions per month)
SPC Free Zone streamlines corporate tax management for businesses with minimal transactions. Simply provide the necessary documents and settle the service fee, and we will handle everything behind the scenes.