In simple words, Corporate Tax refers to a part of company’s net profits paid to the revenue authority of the country in which an entity conducts business. However, that net profit is first converted into taxable net profit through certain tax adjustments as prescribed in the legislation. In most of the jurisdictions of the world, a progressive taxation system works where different slabs of income are subject to different Corporate Tax rates.
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With the United Arab Emirates' new Corporate Tax regime now in effect since June 2023, proactive tax planning and efficient tax management have become crucial for organizations operating in the region. Tax Tool stands as your trusted ally, offering a user-friendly interface and advanced features tailored to meet the unique tax needs of businesses in the UAE.
Learn MoreFTA FAQs: A competitive Corporate Tax regime based on international best practices will cement the UAE’s position as a leading global hub for business and investment and accelerate the UAE’s development and transformation to achieve its strategic objectives. Introducing a Corporate Tax regime reaffirms the UAE’s commitment to meeting international standards for tax transparency and preventing harmful tax practices.
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