Hi everyone
more than 130 countries agreed on a 15 % minimum corporate tax. One of them is the UAE:
https://www.oecd.org/tax/beps/oecd-...ges-arising-from-digitalisation-july-2021.pdf
What does this mean about our Free Zone companies and their 0 % taxation? Should we be worried? Any news on detailed plans? I couldn't find more information
Nothing.
See here:
nytimes.com/2021/10/08/business/oecd-global-minimum-tax.html
Free zone comapanies in UAE have not to pay any corporate tax but they have difficulties to get a bank account if I read all correct `?
SoNewToAllShit said:Free zone comapanies in UAE have not to pay any corporate tax but they have difficulties to get a bank account if I read all correct `?
If you setup everything on your own - yes.
If you stick to a reliable CSP that knows what he is doing - it's not.
If you know what you can do for the people - you even guarantee the bank account like we do.
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