Let's compare the corporate tax rates in the GCC member states and how their tax policies affect businesses in the region.

What is Corporate Tax (CT)?

• · Tax on annual net profit (Profit before tax) after making tax adjustments.

• · CT is not a transactional tax and is not charged on the customer invoice.

A Tax Rate Comparison for GCC member states:

• Ø Corporate Tax in Kingdom of Saudi Arabia (KSA): Applicable Corporate Tax Rate is 20%

• Ø Corporate Tax in United Arab Emirates (UAE): Applicable Corporate Tax Rate is 9%

• Ø Corporate Tax in Qatar: Applicable Corporate Tax Rate is 10%

• Ø Corporate Tax in Oman: Applicable Corporate Tax Rate is 15%

• Ø Corporate Tax in Kuwait: Applicable Corporate Tax Rate is 15%

• Ø Corporate Tax in Bahrain: No corporate tax as of now

In case you require any clarity related to Corporate Tax, Audit, VAT, or Accounting as per IFRS, Email Us at group@eighty20.me or Call Us at +971 55 435 1884

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