The United Arab Emirates announced a new tax law.

     According to a report by 《ArabianBusiness》 on April 29th, the United Arab Emirates announced the implementation of new corporate income tax regulations, requiring all onshore and free zone enterprises (except tax-exempt entities) to submit annual tax returns. The new regulations will come into effect on June 1st, 2025.

       The Federal Tax Authority (FTA) of the UAE stated that this move aims to enhance tax transparency and comply with international standards, requiring enterprises to submit audited financial statements through the EmaraTax platform. The new regulations do not affect the 9% corporate income tax rate, but non-compliant enterprises will face fines. Experts analyzed and pointed out that this measure will strengthen the UAE's competitiveness as a global business center and help enterprises adapt to the global anti-tax avoidance framework. (Economic and Commercial Office of the Consulate-General in Dubai)