UAE's Non-Harmful Corporate Tax Regime Boosts Global Competitiveness

UAE,12 February, 2024: The recent OECD rating of the UAE's corporate tax regime in free zones as 'non-harmful' marks a significant milestone in the country's journey towards global competitiveness. This recognition underscores the UAE's commitment to robust tax legislation and alignment with international standards, ensuring transparency and investor trust. 

With corporate tax rates structured at 0% for taxable income up to Dh375,000 and 9% for amounts exceeding that threshold, the UAE reaffirms its dedication to economic diversification and development goals. This rating not only enhances the UAE's position as a leading global business hub but also strengthens its pledge to adhere to global tax frameworks while fostering a dynamic economic environment for sustainable growth and investment.

Source : https://gulfnews.com/