The Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law”) was issued by the United Arab Emirates, on 09 December 2022.
The Corporate Tax Law provides the legislative basis for the introduction and implementation of a Federal Corporate Tax (“Corporate Tax”) in the UAE and is effective for financial years starting on or after 1 June 2023.
Hamriyah Free Zone is a designated and a qualified free zone for the purposes of the UAE Corporate Tax Law.
This benefits the free zone businesses operating in the Hamriyah Free Zone to avail 0% Corporate Tax rate on their qualifying income as specified by the relevant Corporate Tax Law.
For Corporate Tax Registration Details, please click here.
For Corporate Tax guide on Free Zone Persons, please click here.
For more information, please visit Federal Tax Authority website www.tax.gov.ae