On 9 December 2022, the UAE Ministry of Finance introduced a Federal Corporate Tax of 9% for UAE businesses, which will come into effect on the 1st of June 2023, this new introduction will play a key role in changing the UAE’s business landscape as well as accelerating the nation’s growth by establishing a more sustainable future with consistent revenue streams.

Whilst DIFC-based institutions may continue to be entitled to Tax incentives, they may be impacted in the absence of satisfying certain conditions.

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