* UAE is planning to introduce Domestic Minimum Top-up Tax (DMTT), of Jan 2025.
*This is to ensure multinational enterprises contribute their fair share where they operate.
*Tax rate is a minimum of 15% on the profit count in UAE, up from the current corporate tax rate of 9%.
*This is applicable to multinational companies having global revenue exceeding USD 750 Million in at least two of the last 4 years & operates in multiple jurisdictions.