UAE Corporate Tax: Small Business Relief
Eligibility: Any resident taxable person whose revenue does not exceed AED 3 million in the relevant tax period and all the previous tax periods ending 31 December 2026.
Major conditions:
- Register for corporate tax
- Maintain proper accounting records
- Get the accounts audited
- File simplified tax return
Exceptions:
- A member of a multinational enterprise group
- A qualifying free zone company
Example:ABC started business in Ajman in the year January 2024 and derived a revenue of AED 2 million. He is eligible to opt for small business relief since his revenue for the tax period does not exceed AED 3 million and all the prior tax periods since its the first year of operation