Not sure if it was discussed here before, but
The Ministerial Decision No. 73 of 2023 specifies that businesses and individuals with revenues of Dh3 million or less can benefit from Small Business Relief initiative as it is intended to support start-ups and other small businesses by reducing their corporate tax burden and compliance costs.
The UAE government last year announced that it would levy a nine per cent tax on the profits of companies exceeding Dh375,000.
The Ministry said the Dh3 million revenue threshold will apply to tax periods starting on or after June 1, 2023 and will only continue to apply to subsequent tax periods that end before or on December 31, 2026.
UAE announces corporate tax relief for small businesses, startups
The UAE’s Ministry of Finance on Thursday announced relief for small and micro businesses, startups and freelancers under the corporate tax, which will com..
www.khaleejtimes.com
The Ministerial Decision No. 73 of 2023 specifies that businesses and individuals with revenues of Dh3 million or less can benefit from Small Business Relief initiative as it is intended to support start-ups and other small businesses by reducing their corporate tax burden and compliance costs.
The UAE government last year announced that it would levy a nine per cent tax on the profits of companies exceeding Dh375,000.
The Ministry said the Dh3 million revenue threshold will apply to tax periods starting on or after June 1, 2023 and will only continue to apply to subsequent tax periods that end before or on December 31, 2026.
