Here are our 3 tips of the day;
1.Tax Rates for Individuals and corporates:
- 0% for taxable income ≤ AED 375,000
- 9% for taxable income > AED 375,000
2.Tax Rates for Qualifying Free Zone Persons
- 0% on qualifying income
- 9% on other than qualifying income
3.Taxable income
- Taxable income shall be the accounting profit /loss of the business based on their own financial statements, adjusted for certain specified items as per the Corporate Tax Law