UAE Corporate Tax Skill Accelerator Session

Say True or False: In the UAE, Corporate tax will become applicable from 1st August 2023 onwards

• True

• False

Say True or False: Freezone companies and freelancers are exempted from Corporate Tax

• True

• False

Say True or False: If businesses already have a VAT Number, they don’t have to register for Corporate Tax

• True

• False

Say True or False: For profits up to AED 375,000, Corporate tax rate is 0%

• True

• False

Say True or False: For profits above AED 375,000, Corporate tax rate is 11%

• True

• False

Say True or False: The Small Business Relief scheme is available till 2026

• True

• False

Say True of False: Charitable organisations can qualify for tax exemption

• True

• False

Say True of False: Government or Public Sector Organizations can qualify for tax exemption

• True

• False

Say True or False: CT will be applied across all the emirates

• True

• False