PublicationsThe Introduction of Corporate Tax In UAE: Its Legal Frame Work And the Impact on Different Sectors and Free-Zones
In a significant move, the United Arab Emirates (UAE) implemented the Federal Decree-Law No. 47 of 2022, commonly known as the “Corporate Tax Law,” on December 9, 2022. Corporate Tax, also known as Corporate Income Tax or Business Profits Tax in various jurisdictions, is a direct tax imposed on the net income generated by corporations...