Many corporations in the UAE have historically wanted zero income tax on their earnings. A federal corporate income tax (CIT) is set to be adopted on January 31, 2022, according to UAE's Ministry of Finance (MOF). This helps to meet international tax standards & follow some parallel movements in the neighboring Gulf states. Reducing costs for UAE firms supports start-ups and small businesses.
BAK Accounting and Auditing Service is a professional firm in U.A.E where we are providing quality audit and accounting services for the entire UAE business industries.