Nafa Corporate Tax UAE Decoded: Unveiling the future of businesses in Abu Dhabi

Nafa Corporate Tax UAE Decoded: Unveiling the future of businesses in Abu Dhabi

The conference, set to take place on August 26, will provide unparalleled insights and expert guidance on the game-changing tax landscape

By Web Desk Published: Mon 7 Aug 2023, 3:49 PM

The New Age Finance & Accounting Summit (Nafa) is proud to announce the highly anticipated Corporate Tax UAE Decoded event, set to take place on August 26, 2023, in the vibrant city of Abu Dhabi. Building on the resounding success of their previous event in Dubai, this conference promises to provide unparalleled insights and expert guidance on the game-changing tax landscape that is fuelling economic growth and shaping the future of businesses in the UAE.

Historic transformation of the tax landscape

On January 31, 2022, the tax landscape of the region underwent a significant transformation with the groundbreaking announcement by the UAE Ministry of Finance (MoF) of a new federal corporate tax (CT) system. Effective from financial years commencing on or after June 1, 2023, this system introduced the lowest corporate income tax rate in the GCC region, with a standard rate of just 9 per cent, excluding Bahrain.

The UAE CT regime has been thoughtfully designed to incorporate global best practices while minimising the compliance burden on businesses. At Nafa Corporate Tax UAE,