1. What are the rules for corporate tax 2023 in UAE?

The UAE has a corporate tax rate of 0% for taxable income up to AED 375,000 and a 9% tax rate for taxable income exceeding that threshold. All businesses will be subject to UAE Corporate Tax from the beginning of their first financial year that starts on or after 1 June 2023.

2. How can I register for corporate tax in UAE?

Accbooks Corporate Tax experts can provide you with expert assistance in registering for corporate tax in the UAE, and help you navigate the complex world of corporate tax in the UAE.

3. Do you have to pay corporation tax in Dubai?

Companies incorporated in Dubai are required to pay taxes on their earnings. However, not all companies are subject to corporate tax. The new tax legislation introduced a 9% corporate tax for companies with profits exceeding AED 375,000

4. Who is exempted from corporate tax in UAE?

The corporate income tax law in the UAE provides exemptions for various types of individual earnings, including salary and other employment revenue. Additionally, income earned by individuals in their personal capacity and businesses involved in the extraction of natural resources such as oil and gas are also exempt from corporate income tax.

5. Is UAE corporate tax mandatory?

Yes, it is mandatory for all businesses except some segments of businesses and incomes which are exempted from UAE corporate tax.

6. What is Emaratax?

EmaraTax is an online platform, through which you can access digital services for registration, filing returns, paying taxes and seeking refunds.

7. What are the penalties for late payment of UAE corporate tax?

In case of a delay in paying Corporate Tax:
1. Immediate penalty: A percentage of the unpaid tax is imposed immediately.
2. Monthly penalty: Starting one month after the due date, a percentage of the unsettled tax is due monthly on the same date until the amount is settled.

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