Michael Kyprianou (Middle East) DMCC, is once again recognised as one of the Top Performing Consultants in 2023, given by the Dubai Multi Commodities Middle East (DMCC).
Expertise
International Tax Planning - U.A.E
Our team in Dubai is providing clients with the most recent updates and advice on the developments related to tax planning as the UAE accelerates its transformation to achieve the strategic objectives and to reaffirm its commitment to meeting international standards for tax transparency and preventing harmful tax practices.
The UAE does not levy income tax on individuals. However, it levies corporate tax on oil companies and foreign banks. Excise tax is levied on specific goods which are typically harmful to human health or the environment. Value Added Tax is levied on most goods and services.
In January 2022, The Ministry of Finance announced that it will introduce Federal Corporate Tax (CT) on the net profits of businesses. The tax will become applicable either on 1 July 2023 or on 1 January 2024, depending on the financial year followed by the business. Corporate Tax will be applied across all the other emirates.
Services
Experience
Relevant Publications
- Dubai
- Dubai
Accolades
Michael Kyprianou (Middle East) DMCC, was presented with the award as one of the Top Performing Consultants in 2022, awarded by the Dubai Multi Commodities Centre (DMCC).
