The corporate tax for businesses, announced last year, will come into effect on 1 June.
Corporate tax is a direct tax from businesses based on their net income for the financial year.
A 9% tax will be charged on all companies that have a profit of Dhs 375,000 and more.
The tax is applicable to companies in the UAE, individuals dealing with businesses in the country, and foreign countries that have a base in the UAE.
The UAE has one of the lowest rates on corporate tax, with the tax for some countries going up to 30%.