Wondering About the Dh1 Million Corporate Tax Threshold? Here's the Buzz!

Tune in to our podcast for insider secrets, thought-provoking conversations, and actionable tips from the brightest minds in the finance industry.

Listen to our Podcast 

And, while you're at it, join our community of finance leaders and SME Owners and be a part of the movement!

Join Our Finance Community | Join Our SME Owners Community

We've got some wild tax news coming straight out of the UAE Ministry of Finance. It is shaking things up with their latest corporate tax update.

Let's dive right into it:

1. The Ministry has revamped the corporate tax rules for individuals doing business or business-related activities. Now, only the big shots generating a whopping revenue of Dh1 million in a year fall under the Corporate Tax umbrella.

2. Your personal earnings from employment, investments, and real estate (without licensing requirements) are off the hook.

3. As a business-savvy individual in the UAE with a booming online enterprise, exceeding Dh1 million in annual turnover means it's time to venture into the realm of corporate taxes. Get ready for an exciting tax journey ahead!

4. If you're generating rental income or enjoying fruitful personal investments, here's something exciting: you're in for a tax-free treat! These lucrative ventures won't be subject to corporate tax obligations, granting you a unique advantage.

Younis Haji Al Khouri, the Undersecretary of the Ministry of Finance, proudly declared that the UAE is committed to maintaining a clear and competitive tax framework for individual investors like you, keeping things playful and fair.

If you’re looking for a reliable tax companion, our team is here to transform those tax blues into a delightful experience.

Also, don't forget to check out our latest eBook, designed to help finance leaders like you navigate the complex world of finance and stay ahead of the competition.

If you're still confused about how to do it, don't hesitate to book a free consultation with us. We'll be happy to help you navigate the process and ensure your business is on the right track.