New UAE Tax To Be Announced This Week

Living in Dubai, tax isn’t something that we think about a lot.

But we all have money to think about – and a new UAE tax is coming into force from this week onwards.

While it is a corporate tax, it is still likely to change things for consumers living in Dubai and freelancers, in particular.

From Wednesday June 1, a nine percent corporate tax will apply to businesses, corporations, PJSCs and private firms.

If this applies to you, you should have registered by now to obtain a tax number. Available to do since Monday May 15, you can still do this via the Federal Tax Authority (FTA) website.

Launched through the EmaraTax digital tax services platform, it will apply to public joint stock companies (PJSCs) and private firms.

Corporate tax registration for other categories will open at a later date.

The FTA explained that early corporate tax registration will allow time for companies and businesses to comply with their legal obligations.

For now, the registration process will be available to individual legal entities only.

Entities that would like to form a corporate tax group are required to register individually first. They can then apply to form a group at a later date.