If you’re a founder closing down a side business, scaling back operations, or no longer meeting the taxable income threshold, you might think you’re done with corporate tax. However, there’s one last — and often missed — step: corporate tax deregistration.
Think
Dubai is home to several renowned Free Zones such as DMCC, JAFZA, Dubai Silicon Oasis, and DIFC. One of the primary reasons businesses prefer these areas is the favorable corporate tax in Dubai Free Zones, offering a 0% rate for qualifying companies. This has opened up strategic opportunities f
What is Corporate Tax?
Corporate tax in the UAE is a federal tax on business profits, effective from June 2023, and applies uniformly across all Emirates. Businesses earning profits of AED 375,000 and above are taxed at a 9% rate, while profits below this threshold are taxed at&nbs
The UAE corporate tax regime is structured to support business growth while aligning with international tax standards. The tax is calculated starting from a company’s accounting profit (as per IFRS standards). From this figure, non-deductible expenses are added back and exempt i