The UAE Ministry of Finance has launched a public consultation on the introduction of a federal corporate tax regime. As previously reported, the UAE is planning to introduce the corporate tax regime for financial years beginning on or after 1 June 2023, including a standard statutory rate of 9%, with a 0% rate for taxable profits up to AED 375,000 to support small businesses and startups (applies progressively).
The public consultation document covers the key aspects of the regime, inclu…