The introduction of corporate tax in the UAE is scheduled for June 1, 2023. According to the law, individuals and businesses subject to taxation will face a 9% corporate tax from their initial fiscal year starting on or after June 1, 2023. They must acquire a corporate tax registration number.
Since the initial announcement, businesses and tax experts have extensively deliberated on this development. This move positions the UAE as the fourth GCC nation to implement a federal business tax.