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Posted by Anna on August 16, 2024 at 10:52pm 0 Comments

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UAE to introduce lowest Corporate Tax in the World

The Ministry of Finance declared that net profits up to Dh 375,00 (INR 75,96,910 Lakh) would be tax-free. This is in keeping with a big initiative aimed at assisting small & medium enterprises. Furthermore, the government will levy a 9% corporate tax on businesses for net profits over $102,000 (INR 75,96,910 Lakh). And 0 percent for taxable revenue below that amount.

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