On 31 January, the Wall Street Journal reported that the UAE is to introduce a tax on corporate profits, as it juggles the need to remain attractive for international business with its agreement to support global tax transparency. A new 9% tax rate will apply from 1 June 2023, and will help it meet, “international standards for tax transparency”, the country’s finance ministry is reported as having said.
https://www.wsj.com/articles/tax-haven-u-a-e-to-introduce-levy-on-corporate-profits-11643647029
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