Colin Powell's Blog (1)

Corporate tax is a type of direct taxation levied on the net profit/income of businesses and other entities. In other jurisdictions, corporate tax is known as “Corporate Income Tax” or “Business Profits Tax.” UAE Corporate Tax will apply to all UAE businesses, with the exception of natural resource extraction, which will continue to be subject to Emirate-level corporate taxation.

Foreign entities and individuals will be subject to Corporate Tax only if they conduct ongoing or regular…