Corporate tax – UAE – Did you know? – #0003

Corporate Tax is paid on an annual basis with reference to the Tax Period of a Taxable Person. A Tax Period is the Financial Year or part thereof for which a Tax Return needs to be filed. The Financial Year is the period of 12 months for which Financial Statements are prepared. Payment of Corporate Tax is due within nine months from the end of the applicable Tax Period. The UAE Corporate Tax regime applies to Tax Periods commencing on or after 1 June 2023.