We provide nuanced advice on employment tax and tax-efficient remuneration, ensuring compliance with regulations while optimising financial outcomes. Additionally, our specialised knowledge allows us to offer targeted assistance on specific tax-related matters such as research and development tax credits for Information Technology Companies, implementing Enterprise Investment Schemes, facilitating company purchases of own shares, and structuring employee share options. Through our holistic approach and tailored solutions, we empower clients to make informed decisions and achieve their financial objectives effectively.

Corporate Tax

Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses.

Corporate Tax shall be imposed on the Taxable Income at the following rates:

• 0% (zero percent) on the portion of the Taxable Income not exceeding the amount specified in a decision issued by the Cabinet at the suggestion of the Minister.

• 9% (nine percent) on Taxable Income that exceeds the amount specified in a decision issued by the Cabinet at the suggestion of the Minister.

​​Please inform us if further details are required regarding this matter.

VAT

VAT was introduced in the United Arab Emirates on 1 January 2018. The general VAT rate is 5% and applies to most goods and services, with some goods and services subject to a 0% rate or an exemption from VAT (subject to specific conditions being met). The 0% VAT rate applies to goods and services exported outside the VAT-implementing Gulf Cooperation Council (GCC) member states, international transportation, the supply of crude oil/natural gas, the first supply of residential real estate, and some specific areas, such as health care and education.

Please inform us if further details are required regarding this matter.