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Ministry of Finance Announces New Decisions Relating to Corporate Tax for Free Zones

The UAE Ministry of Finance has released two new decisions that together specify the main features of the Corporate Tax regime as it applies to juridical persons operating out of free zones in the UAE. These include Cabinet Decision No. 55 of 2023 on Dete

Shabana begumFree zone authorityCorporate taxCabinet decisionDetermining qualifying incomeQualifying activitiesExcellency younis haji al khooriHis excellencyFederal decree lawExecutive directorTax policies sectorFree zone corporate taxFree zone personsFree zoneQualifying incomeFree zone persons

Here s why UAE is exempting free zones from corporate tax

The UAE’s Ministry of Finance said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate

Shabana begumFree zone authorityFree zone corporate taxFree zone personsFree zoneCorporate taxCabinet decisionDetermining qualifyingSmall business relief

New Advantages of Starting a Business in Sharjah

Sharjah free zones are highly popular since they offer appealing features such as well-developed infrastructure and affordable rentals upon license issuing.

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