The Corporate Tax threshold in the United Arab Emirates has been announced. The government of the United Arab Emirates collects a specialized corporate tax from local businesses. Taxes are the percentage of profit that must be handed over to the government. The government uses the money collected through taxes for several different initiatives. The Ministry of Finance has announced the implementation of the Corporate Tax, which is effective immediately. There is no corporate tax in the United Arab Emirates for companies with yearly sales of less than AED 375,000. The corporate tax rate is 9% above AED 375,000 in taxable revenue.