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Explore the Future of Taxation with Millennial Partners! Are you ready for the UAE's corporate tax evolution? The new 9% corporate tax rate, in alignment with OECD's Pillar Two framework, is coming in 2024. This impacts both mainland and free zone businesses. At Millennial Partners, we're your trusted tax consultancy firm. Our experts are here to guide you through these changes. Discover how tax holidays can benefit your business while ensuring compliance with the latest regulations. • Secure Your Financial Future • Navigate Corporate Tax Changes • Ensure Regulatory Compliance #MillennialPartners #TaxConsultancy #UAE #CorporateTax #TaxHolidays #BusinessAdvisory #Compliance #FinancialPlanning

#corporatefinance #corporatehousing #ecbinternational #acccounting Corporate Tax: Currently, there is no federal corporate tax in the UAE. However, some free zones and specific industries may have specific tax regimes. The UAE encourages foreign investment by offering tax incentives and exemptions in certain sectors and regions.

Latest News: Corporate Tax Registration: New Timeframes and Penalties Pursuant to Federal Decree-Law No. 47 of 2022, the United Arab Emirates (UAE) has enacted a significant advancement in its fiscal policy framework by mandating the registration for Corporate Tax (CT), effective from March 1, 2024. This legislative move is a strategic endeavor to align the nation’s tax system with global compliance efforts, notably the Organization for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) initiative, and the global consensus on a minimum corporate tax rate. The introduction of CT is aimed at diversifying the UAE’s economic base, moving away from its traditional reliance on oil revenues. Read more: https://lnkd.in/dZHmqkg5 #corporatetax #profit #globalcompliance

دليل ضريبة دخل الشركات الصادر حديثا عن الهيئة الاتحادية للضرائب في دولة الإمارات العربية المتحدة. 📢 Exciting News: Unlock the Power of Knowledge with the UAE Federal Tax Authority's Newly Released Corporate Income Tax Guide! The UAE Federal Tax Authority has released a comprehensive guide on the recently introduced Corporate Income Tax. Navigating the intricate world of corporate income tax has never been more straightforward. This enlightening guide serves as your go-to resource, covering: ✅ Crucial changes and updates in the corporate taxation sphere. ✅ Impact assessments tailored to businesses of all sizes. ✅ Practical strategies to ensure compliance and optimize your tax affairs. ✅ Expertly addressed answers to your burning tax-related inquiries. This guide equips you with the insights needed to thrive in this evolving tax landscape. Access the attached guide herewith and empower your business to make informed decisions. Remember, knowledge is the key to success in today's dynamic business environment. #CorporateIncomeTax #Taxation #BusinessGuidance #TaxUpdates #StayInformed

Exciting developments are underway in the UAE tax landscape! Recently, the introduction of Pillar 2 top-up rules has been announced through Federal Decree-Law (60) of 2023. The specific implementation date is yet to be determined, marking a pivotal moment in the country's tax evolution. This move underscores the UAE's commitment to staying abreast of international tax advancements, aligning its tax system with global standards. Notably, the aim is to ensure that the total effective tax on Multinational Enterprises (MNEs) is set at 15%. #UAE #InternationalTaxation #BusinessNews #corporatetaxuae