Small Business Relief UAE CT
The UAE’s Ministry of Finance announced relief for small and micro businesses, startups and freelancers under the corporate tax.
Ministerial Decision No. 73 of 2023 dated 03/04/2023 states that entities and persons with business revenue of less than AED 3 million are eligible for the Small Business Relief initiative. This measure is meant to assist startups and other small businesses by decreasing their corporate tax burden and regulatory costs. The Ministry revealed that the threshold will be in effect Tax Periods commencing on or after 1 June 2023 and such threshold shall only continue to apply to subsequent Tax Periods that end before or on 31 December 2026.
Would you like to check your eligibility to avail small business relief ? our experienced corporate tax advisors are available just a call away