Many investors and business owners choose to do business in UAE because of its tax free regime (not fully, though!). Following the release of the UAE VAT Law Framework, many businesses have been asking about VAT on free zones. This underlines the importance of the VAT framework. The UAE free zone […]
Background Historically, the UAE has been home to plenty of businesses that have been subject to zero income taxes. With the announcement of federal corporate tax (CT) by the Ministry of Finance (MOF), however, this situation will change. CT will become effective for fiscal years beginning after 1 June 2023. […]