UAE Ministry of Finance releases Corporate Tax Law: Detailed review

The Corporate Tax Law will be effective from 1 June 2023 with a headline rate of 9%.

The regime includes features that represent best practices in international taxation.

Several exemptions are available for businesses operating across strategic sectors.

Free zone persons can continue to maintain their 0% tax position subject to meeting certain conditions.

General anti-avoidance and transitional rules apply from the date the law is published in the Official Gazette.