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UAE to introduce lowest Corporate Tax in the World

The Ministry of Finance declared that net profits up to Dh 375,00 (INR 75,96,910 Lakh) would be tax-free. This is in keeping with a big initiative aimed at assisting small & medium enterprises. Furthermore, the government will levy a 9% corporate tax on businesses for net profits over $102,000 (INR 75,96,910 Lakh). And 0 percent for taxable revenue below that amount.

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UAE to introduce lowest Corporate Tax in the World

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  1. UAE to introduce lowest Corporate Tax in the World Get a Consultation today!

  2. UAE to introduce lowest Corporate Tax in the World The UAE, well known for its record economic growth, has announced plans to impose a federal corporate tax on business (net) profits. The UAE Ministry of Finance will establish a UAE corporate tax on the net profit of multinationals from June 1, 2023, as part of a comprehensive tax overhaul. The Ministry of Finance declared that net profits up to Dh 375,00 (INR 75,96,910 Lakh) would be tax-free. This is in keeping with a big initiative aimed at assisting small & medium enterprises. Furthermore, the government will levy a 9% corporate tax on businesses for net profits over $102,000 (INR 75,96,910 Lakh). And 0 percent for net profits below that amount. SHURAA INDIA

  3. What Are the Highlights of New Corporate Tax in UAE 1. Individual Earnings 2. Regulations on Loss Utilization 3. UAE Corporate Tax on Net Profits 4. Tax Incentives 5. Minimal Compliance Costs 6. Business Activities 7. Assessment Year

  4. How Will The UAE Tax Regime Benefit Small Businesses? Many people consider small businesses an essential source of employment creation and technical innovation. Small company owners have long been lauded for their contributions to the economy in the UAE. Their impact on employment growth and innovation, in particular. As a result, the new federal income tax policy will benefit small businesses and startups. 1. Reducing Corporate Concentration 2. Promoting Healthy Competition 3. Combating Tax Evasion 4. Transparent System of Corporate Taxation 5. Prevent Harmful Tax Practices

  5. Ready to Launch Your Business in The UAE? The new tax regime lays the groundwork for a robust economic recovery in the UAE, allowing the country to return to pre-pandemic levels. As a result, it is a perfect moment to start a business in the UAE. Speak to Shuraa specialists now if you’re still unsure whether Dubai is the right place for your company. Shuraa Business setup is a pioneer in Dubai business setup services. We have our branch offices across the globe in major cities like London, Delhi, Mumbai, Dhaka.

  6. OUR STORY SHURAA – THE PIONEERS OF BUSINESS SETUP SERVICES IN THE UAE Shuraa Business Setup was founded by Mr Saeed Khalifa Mohammed Al Fuquei in the year 2001. The organization was initiated with an agenda to help individuals start a business in Dubai or any other emirates. For the past 20 years, we have registered over 35,000 companies in the UAE.Shuraa Business Setup helps with crucial paperwork and other governmental permissions which is important while setting up a business in Dubai. We share years of acquaintance with the government officials and regulatory authorities, that makes business setup easier.

  7. MAILING ADDRESS 108, Square One, Saket New Delhi - 110017 REACH OUT EMAIL ADDRESS info@shuraa.in PHONE NUMBER +91-8010990022

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