• February 2, 2022

    Assessing the impact of UAE’s corporate tax

    Moving away from oil dependence has been viewed as a crucial step to ensure sustainable growth in UAE and broader GCC, with taxation being a key means to increase the share of non-oil revenue. UAE has already taken that step in 2018 when it introduced 5% Value-added tax. Now it has taken a step further in this direction through introduction of 9% corporate tax at federal level from June 01, 2023. Decline in oil prices since mid-2014, followed by the...