On 13 September 2023, the UAE Ministry of Finance (MoF), in cooperation with the Organisation for Economic Co-operation and Development (OECD), hosted the Pillar Two Regional Forum, related to the Global Minimum Tax of Base Erosion and Profit Shifting (BEPS) and the Global Anti-Base Erosion Rules (GloBE).
During this forum, the UAE officially announced its decision not to implement the Global Minimum Tax rule before 2025.
In 2018, the UAE joined the comprehensive framework of the BEPS program, and on 1 June 2023, the UAE introduced federal corporate tax of 9% for the first time in its history.
