9% corporate tax rate with a net profit of more than 375,000 dirhams

The UAE will start implementing corporate tax in the middle of next year 2023, and with this decision, all registered companies, especially companies that fall within the scope of corporate tax, will have to start the official accounting and auditing process from now, to establish their financial statements for tax account, and then submit returns tax.

The transition to a tax system from a non-tax situation is not easy, and requires a fundamental change in the culture of the company, which needs appropriate documentation, accounting and auditing, in addition to the transparency and accountability contained in the system.