The UAE has introduced a Corporate Tax Law, Federal Decree-Law No. 47 of 2022, effective for financial years starting on or after June 1, 2023. This law imposes a 9% corporate tax on taxable profits exceeding AED 3,75,000, providing relief to small businesses and startups with a 0% tax rate for profits below this threshold. UAE free zone entities can still qualify for a 0% tax rate under certain conditions, promoting business growth in these areas.

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