UAE Corporate Tax – Free Zone Taxation

The United Arab Emirates (UAE) has seen a significant shift in its taxation system with the introduction of the UAE Corporate Tax on 1 June 2023. As a result, the types of conditions or criteria that would be required to fulfill to fall under the free zone category turned into a topical subject of discussion.

To comprehend its possible impact and implications we provided a detailed breakdown of the recent announcement through a webinar hosted with Achromic Point. During the webinar we gave an overview of the topic and covered key pointers from the new taxation regime. We also broadly stated the conditions required to fall under the free zone taxation regime.

At the end of the session, we outlined and elaborated in detail on the list of Qualifying and Non-Qualifying Activities while stating the critical compliance requirements needed to be met by free Zone Entities.