UAE Cabinet Decision Confirms 0% Corporate Tax Rate Threshold

The UAE Cabinet of Ministers has issued a decision setting the taxable income threshold for the 0% corporate tax rate. Under the UAE's new corporate tax regime, the following tax rates apply:

• 0% on the portion of taxable income not exceeding the amount specified in a decision issued by the Cabinet; and
• 9% on taxable income that exceeds the amount specified in a decision issued by the Cabinet.

The Cabinet decision confirms that the threshold amount is AED 375,000 as was expected.

The new r…