Dubai Considers Reducing Government Fees on Commercial Activities
- Publish date: Thursday، 22 December 2022
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Following the introduction of a federal corporate tax on business profits Dubai’s media office said on Tuesday that the emirate will consider reducing government fees on commercial activities to further enhance the business environment in the emirate.
The new tax regime will come into effect from January 2023.
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“The federal tax announced by the UAE Ministry of Finance on Monday, which will be at a low rate of nine per cent, is considered competitive and reflects best practices. It is among the lowest in the world and the lowest in the region.” Said Abdulrahman Al Saleh, director-general of Dubai’s Department of Finance.
The DOF reiterated its support for free zone-based businesses and affirmed the continuation of current corporate tax incentives offered to companies within free zones that “comply with all regulatory requirements and do not conduct commercial activities in the UAE's mainland.”
This article was previously published on UAE Moments.To see the original article, click here