The registration has been started and it is mandatory for all legal persons to register for Corporate Tax within the time frame prescribed by the authorities.
This is direct tax on the net profit of all juridical persons on their domestic and worldwide income (branches and other).
Corporate Tax will be levied on the Taxable Income according to the subsequent rates: a. A rate of 0% (zero percent) will be applied to the part of the Taxable Income that does not surpass the limit specified in a decision released by the Cabinet based on the recommendation of the Minister.
b. 9% (nine percent) on Taxable Income that exceeds the amount specified in a decision issued by the Cabinet at the suggestion of the Minister.
a. 0% (zero percent) on Qualifying Income.
b. 9% (nine percent) on Taxable Income that is not Qualifying Income under Article 18 of this Decree-Law and any decision issued by the Cabinet at the suggestion of the Minister in respect thereof.
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