U.A.E. retailers will be subject to Corporation Tax from June 1st 2023

While G.D.P. growth reached 7.6% in 2022, the United Arab Emirates will introduce a first Corporate Tax from June 1st, 2023. Set at 9%, this applies to companies whose annual income from commercial activities exceed revenue of €253,000 per year, but not revenue from any rental business. Companies will have to register to obtain a tax number and file a tax return to the AFC, no later than 9 months after the end of a fiscal year. Government entities, state-controlled entities and firms controlled