UAE Corporate Income Tax and recent changes affecting Free Zone businesses

The United Arab Emirates (UAE) have introduced Corporate Income Tax (CIT) for financial years starting on or after 1 June 2023. In recent weeks, the UAE Ministry of Finance has released a series of Cabinet and Ministerial Decisions, providing us with a clearer understanding of the intricacies of the new CIT regime.

On 1 June 2023, the Ministry of Finance published a Cabinet and Ministerial Decision which provide more details regarding the CIT regime applicable to Qualifying Free Zone Persons. These decisions were highly anticipated, as they provide further insights and clarity regarding the scope of the beneficial 0% tax regime for Free Zone entities, which has now become narrower.

We invite you to join a webinar on Wednesday, 21 June which will provide comprehensive insights into the latest developments and updates concerning the UAE CIT regulations and especially the impact of the recent changes on businesses in the Free Zone. Tax expert speakers from DLA Piper will present on various topics, including:

1. Overview of UAE Corporate Income Tax framework.
2. Recent changes and their impact on Free Zone businesses.
3. Key considerations for effective tax planning, Transfer Pricing and compliance.
4. Case studies and practical examples.

The webinar provides an excellent platform for professionals like yourself to stay up-to-date with the evolving UAE tax landscape.

To secure your place, kindly RSVP via the link at the top.

For more information, please contact Joanne Mount.