UAE: Consultation on new federal corporate income tax system

A consultation paper providing details of the new federal corporate income tax system

A consultation paper providing details of the new federal corporate income tax system

The Ministry of Finance on 28 April 2022 released a consultation paper providing details of, and seeking input, on the new federal corporate income tax system to be implemented in the UAE, effective for financial years commencing on or after 1 June 2023. Read TaxNewsFlash

The government has asked businesses to focus their feedback on recommendations that may help reduce compliance cost and complexity, as well as on topics not included in the consultation paper, but of interest or concern to taxpayers.

Comments are requested by 19 May 2022.

Read a May 2022 report [PDF 735 KB] prepared by the KPMG member firm in the United Arab Emirates

Read more about the proposal on a dedicated corporate income tax webpage developed by the KPMG member firm in the United Arab Emirates

 

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