Get Certified in UAE Corporate Tax

By: World Peace Academy

An ISO 9001: 2015 Certified Company
Accredited by International Accreditation Forum (IAF)
Accredited by United Accreditation Foundation (UAF)

Get Certified in UAE Corporate Tax

By: World Peace Academy

An ISO 9001: 2015 Certified Company
Accredited by International Accreditation Forum (IAF)
Accredited by United Accreditation Foundation (UAF)

Uplift your career in UAE.

Gain comprehensive understanding of UAE Corporate Tax Law.

Some Frequently Asked Questions about UAE Corporate Tax Law

UAE Corporate Tax is a form of direct tax levied on the net income or profit of corporations and other businesses in UAE. UAE Corporate Tax is also referred to as “UAE Corporate Income Tax” or “UAE Business Profits Tax”.

The UAE Corporate Tax regime is effective for Financial Years starting on or after 1 June 2023.

Examples:

  • A Business that has a Financial Year starting on 1 July 2023 and ending on 30 June 2024 is subject to UAE Corporate Tax from 1 July 2023 (which is the beginning of the first Financial Year that starts on or after 1 June 2023).
  • A Business that has a Financial Year starting on 1 January 2023 and ending on 31 December 2023 will become subject to UAE Corporate Tax from 1 January 2024 (which is the beginning of the first Financial Year that starts on or after 1 June 2023).

UAE Corporate Tax applies to juridical persons incorporated in the UAE and to foreign juridical persons that are effectively managed and controlled in the UAE (see question 20: ‘Who is considered a Resident Person for UAE Corporate Tax purposes?’). A foreign juridical person that operates in the UAE through a Permanent Establishment or that has a taxable nexus in the UAE would also be subject to Corporate Tax (see Section M “Foreign persons”).

Natural persons will be subject to Corporate Tax only if they are engaged in a Business or Business Activity in the UAE, either directly or through an Unincorporated Partnership or sole proprietorship. Cabinet Decision No. 49 of 2023 specifies further information on what would bring a natural person within the scope of UAE Corporate Tax.

Taxable Person Applicable Corporate Tax rate

Natural persons and juridical persons 0% for Taxable Income up to and including AED 375,000.

9% for Taxable Income exceeding AED 375,000

Qualifying Free Zone Persons (see section H: ‘Free Zone’) 0% on Qualifying Income.

9% on Taxable Income that is not Qualifying Income as specified in Cabinet Decision No. 55 of 2023.

The following Persons are automatically exempted from UAE Corporate Tax:

  • The UAE Federal and Emirate Governments and their departments, authorities and other public institutions;
  • Companies wholly owned and controlled by a Government Entity that carry out a Mandated Activity, and that are listed in a Cabinet Decision;
  • Businesses engaged in the extraction of UAE Natural Resources or related non-extractive activities that are subject to Emirate-level taxation, subject to meeting certain conditions; and
  • Qualifying Public Benefit Entities that are listed in Cabinet Decision No. 37 of 2023 or any subsequent relevant decisions (click [here] to view the latest list).

The following Persons are exempted from UAE Corporate Tax upon approval of an application submitted to the Federal Tax Authority:

  • Qualifying Investment Funds that meet the prescribed conditions;
  • Public or private pension or social security funds that meet the conditions specified in Ministerial Decision No. 115 of 2023; and
  • UAE juridical persons that are wholly-owned and controlled by certain exempted entities and undertaking activities specified in paragraph (h) of Clause 1 of Article 4 of the Corporate Tax Law.

For Tax Periods that end on or before 31 December 2026, any of the following UAE Resident Persons with Revenue of AED 3 million or below in the current and previous Tax Periods can claim Small Business Relief:

  • A natural person.
  • A legal entity that is neither:

  a Constituent Company of a Multinational Enterprise Group as defined in Cabinet Decision No. 44 of 2020 that operates in more than one country and has a total consolidated group revenue of more than AED 3.15 billion in each financial period;

– nor a Qualifying Free Zone Person.

If an eligible Taxable Person’s Revenue exceeds AED 3 million in any Tax Period, they will no longer be eligible for Small Business Relief for that Tax Period and any future Tax Periods.

The Free Zone Corporate Tax regime is a form of UAE Corporate Tax relief which enables Free Zone companies and branches that meet certain conditions to benefit from a preferential 0% Corporate Tax rate on income from qualifying activities and transactions.

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World Peace Academy
(Internationally Accredited)

Course Description

As the demand of tax professionals is increasing in UAE, we have designed the courses in UAE Corporate Tax to help you to build a strong foundation of UAE Corporate Tax Law. Our objective is to explain the complex provisions of UAE Corporate Tax in simple and easy to understand language. Learners who have pursued our courses have given a feedback that our course helped them to learn the concepts of UAE Corporate Tax Law and implement in their professional life.

We invite you to enrol to our courses in UAE Corporate Tax, if you have any question feel free to chat with our support team. Wish you a great learning journey ahead.

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UAE Corporate Tax Course (Level 1)

AED799
  • Validity: 3 months
  • Language: English
  • Course Type: Online Self Paced Course
  • Certificate: Level 1 Certificate
  • ——————
  • Applicability of UAE Corporate Tax
  • Corporate Tax Rate in UAE
  • Exempt Person
  • Taxable Person and Corporate Tax Base
  • Taxation of UAE Free Zone Entities
  • General Rules for Determining Taxable Income
  • Calculation of Corporate Tax Payable
  • Payment and refund of corporate tax
  • Small Business Relief
  • Exempt Income
  • Deductions

UAE Corporate Tax Course (Level 2)

AED799
  • Validity: 3 months
  • Language: English
  • Course Type: Online Self Paced Course
  • Certificate: Level 2 Certificate
  • ——————
  • Reliefs
  • Tax Loss Provisions
  • Tax Group Provisions
  • Transactions with Related Parties and Connected Persons
  • Anti-Abuse Rules
  • Tax Registration and Deregistration under UAE Corporate Tax Law
  • Tax Returns and Clarifications under UAE Corporate Tax Law
  • Violations and Penalties
  • Transitional Rules
  • Closing provisions under UAE Corporate Tax Law

UAE Corporate Tax Diploma Course

AED1500
  • Validity: 3 months
  • Language: English
  • Course Type: Online Self Paced Course
  • Certificate: Diploma Certificate
  • ——————
  • All modules of Level 1
  • All modules of Level 2
  • Tax Procedures Law
  • Online Assessment

Start Your Journey with UAE Corporate Tax Law

Reviews & Testimonials

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Massive Rise in Tax Jobs in UAE after Implementation of UAE Corporate Tax Law.  as we all know that the UAE has declared that starting from June 1, 2023, there will be a new federal corporate tax of 9% applied to business profits. The purpose of this is to align the country with many other governments globally and to expand its sources of income beyond relying solely on oil. With these fresh tax regulations in place, upcoming businesses will need strong support from their tax teams. Over a million companies functioning in the UAE will now have the responsibility to keep thorough financial records and submit tax returns. As a result, a remarkable range of job opportunities will emerge in the accounting sector. Let's delve into the diverse employment prospects that the implementation of UAE Corporate Tax will bring to the finance industry. With this Massive Rise in Tax Jobs in UAE after Implementation of UAE Corporate Tax Law, there will be a need of learning the UAE Corporate Tax Laws. In order to help the students and professionals learn the complexities of UAE Corporate Tax, World Peace Academy has designed a Diploma Course in UAE Corporate Tax.