United Arab Emirates

Corporate - Income determination

Last reviewed - 09 February 2021

The tax decrees of the various Emirates provide that taxable income is calculated by reference to the financial accounting profit, subject to certain book-tax adjustments. Currently, these adjustments are not too relevant given that CIT is not actually imposed on most companies established or operating in the United Arab Emirates, with the exception of foreign oil companies engaged in upstream petroleum activities, certain companies engaged in petroleum related activities and branches of foreign banks.