New Year — new rules! Here are the most important changes that will affect business and society:
Income tax for multinational corporations - 15%
On January 1, 2025, the minimum additional tax for large multinational corporations in the amount of 15% of profits came into force.
Tax for foreign banks in Dubai — 20%
Foreign banks are now required to pay 20% income tax. The exception is institutions registered with DIFC.
Food evaluation system
Starting from June 1, 2025, food products must be labeled according to the Nutri-Mark system, which evaluates usefulness on a scale from A to E. At the first stage, the system will cover bakery products, oils, dairy products, baby food and beverages. Products without labeling or with an incorrect assessment are withdrawn from sale, and manufacturers pay a fine.
Emiratisation policy
Companies with between 20 and 49 employees must now hire at least two UAE nationals. Fines are provided in case of violation.