0% Tax Rate: Businesses with taxable income up to AED 375,000 are subject to a 0% tax rate. This provision aims to support small businesses and startups by relieving them of the corporate tax burden if their income does not exceed this threshold.
9% Tax Rate: For businesses with taxable income above AED 375,000, a corporate tax rate of 9% applies. This rate is considered competitive globally and is designed to attract foreign investment while maintaining economic stability.
Businesses must adhere to several compliance and reporting obligations as part of their corporate tax registration:
It is crucial for businesses to stay updated with the latest changes in tax laws and seek professional advice to ensure compliance with all applicable regulations. That's where we come in, by partnering with Prism 7 Corporate, businesses can take the stress out of their corporate tax compliance responsibilities. We keep track of the requirements for your business and remind you of any required deadlines or submissions to keep you safe from penalties. Our comprehensive services and expertise empower businesses to focus on their core operations while maintaining compliance.