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The UAE’s New 15% Tax: What It Means for Multinational Companies

The United Arab Emirates (UAE) is set to embark on a significant shift in its taxation landscape. Starting January 1, 2025, the country will introduce a 15% Domestic Minimum Top-up Tax (DMTT) for large multinational corporations. This groundbreaking step aligns the UAE with global tax reforms under the Organisation for Economic Co-operation and Development’s (OECD) Pillar 2 framework, which promotes fairness and transparency in corporate taxation.

Understanding the DMTT: A Step Towards Global Standards

The DMTT is designed to ensure that multinational companies operating in the UAE contribute to global minimum tax standards. This policy addresses practices where businesses shift profits to low-tax jurisdictions, ensuring they pay their fair share. By joining over 140 countries in adopting these reforms, the UAE reinforces its position as a globally responsible economic hub.

Who Will Be Affected?

The DMTT targets large multinational corporations with annual global revenues of €750 million or more (approximately AED 3.15 billion) in at least two of the four fiscal years before the tax comes into effect. These companies will now be required to contribute more significantly to public finances, reflecting their substantial global earnings.

Exemptions: Who’s in the Clear?

Not all businesses will fall under the scope of the DMTT. Several key exemptions ensure that specific entities and activities are excluded:

Purely Domestic Businesses: Companies that operate solely within the UAE’s borders are exempt.

Government-Related Entities: Activities and organizations linked to the government are not subject to this tax.

Investment Funds and REITs: Investment vehicles such as real estate investment trusts (REITs) and similar entities enjoy exclusions.

Passive Income Activities: Earnings from shipping operations and other passive income activities are exempt.

Further details on exemptions are expected to be clarified in upcoming legislative announcements.

Why This Matters

This move signals the UAE’s commitment to staying competitive while embracing global tax reforms. The country has long been a preferred destination for international businesses due to its strategic location, robust infrastructure, and favorable policies. By adopting the DMTT, the UAE ensures compliance with global standards without compromising its appeal as a business hub.

The introduction of the DMTT also sets a precedent in the region, as neighboring countries begin to implement similar frameworks. This collective effort marks a new era of corporate taxation in the Middle East.

Final Thoughts

The UAE’s adoption of the 15% DMTT is a landmark decision that balances global tax compliance with the country’s ambition to remain an international business powerhouse. For multinational corporations, understanding the implications of this tax and preparing for its implementation will be crucial.

As more legislative details emerge, businesses will need to adapt to this evolving landscape. The UAE’s proactive approach demonstrates its readiness to align with international standards while continuing to foster an environment of growth and opportunity.

Stay tuned with Supreme Digital Business Services for further updates on this transformative policy and how it shapes the future of business in the UAE.

Contact: +971 56 489 9004 or +971 56 355 1070

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Smart Salem Medical Fitness Centers (30-Minute VIP Medical Screening)

Location In: Smart Salem Medical Fitness Center – City Walk

Address: 6727+3FX City Walk - Al Wasl - Dubai

Phone: 04 260 4900

Cost: Varies (Check with the center for updated pricing).

Working Hours:

Tuesday: 7 AM–9:30 PM

Wednesday: 7 AM–9:30 PM

Thursday: 7 AM–9:30 PM

Friday: 7:30–11:30 AM, 4–8 PM

Saturday Closed

Sunday: 7 AM–2:30 PM

Monday: 7 AM–9:30 PM

Location - https://g.co/kgs/GhBpkcD

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Smart Salem Medical Fitness Centre - TECOM, Dubai Knowledge Park

Address: G09A, Ground floor, Block No. 12 - Dubai Knowledge Park - Dubai
Phone: 04 260 4900
Hours:
Tuesday 7 AM–9:30 PM
Wednesday 7 AM–9:30 PM
Thursday 7 AM–9:30 PM
Friday 7:30–11:30 AM, 4–8 PM
Saturday Closed
Sunday
7 AM–2:30 PM
Monday 7 AM–9:30 PM

Location - https://g.co/kgs/SUizBB1

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Smart Salem Medical Fitness Centre - DIFC, Index Tower

Address: Index Tower - Happiness Street - Trade Centre - DIFC - Dubai
Areas served: Dubai and nearby areas

Hours:
Tuesday: 7 AM–9:30 PM
Wednesday: 7 AM–9:30 PM
Thursday: 7 AM–9:30 PM
Friday: 7:30–11:30 AM, 4–8 PM
Saturday Closed
Sunday Closed
Monday:
7 AM–9:30 PM

LOCATION - https://g.co/kgs/1chS3X5

Contact: Check Smart Salem’s official website or call their customer support for appointments.

Service: Premium AI-powered medical screening with results in 30 minutes.

These VIP centers offer a fast and efficient solution for obtaining the necessary medical clearance for your Dubai residency visa. Perfect for those in a hurry, these services ensure a seamless experience for visa stamping.

Al Nahda Medical Examination Center

Located in: Al Nahda Centre

Address: Al Nahda - Al Qusais 1 - Dubai
Areas served: Dubai and nearby areas

Cost: AED 780

Working Hours:

Tuesday: 7 AM–9 PM

Wednesday: 7 AM–9 PM

Thursday: 7 AM–9 PM

Friday: 7:30–11 AM, 4–7:30 PM

Saturday: 7:30 AM–2 PM

Sunday Closed

Monday: 7 AM–9 PM

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Contact: +971 42638833 or +971 564065005

Service: VIP medical screening with results in 2-3 hours.

These VIP centers offer a quick and efficient solution for obtaining the necessary medical clearance for your Dubai residency visa. Perfect for those in a hurry, these services ensure a seamless experience for visa stamping

Al Garhoud Medical Fitness Center

Address: Star Building - 11 شارع ٨ القرهود‎ Ground Floor - Al Garhoud - Dubai

Phone: 04 546 4260

Cost: AED 750

Working Hours:

Tuesday: 7 AM–9 PM

Wednesday: 7 AM–9 PM

Thursday: 7 AM–9 PM

Friday: 7:30–11:30 AM, 4–7:30 PM

Saturday: 7 AM–2 PM

Sunday Closed

Monday 7 AM–9 PM

location - https://g.co/kgs/uP1u9cS

Service: Fast-track VIP medical screening with results in 6 hours.

Al Qouz Medical Fitness Center

Located in: Al Qouz Mall

Address: Mall - Ground Floor - 15 17B St - near Al Ahli Driving School - Al Quoz - Al Quoz Industrial Area 3 - Dubai

Phone: 04 502 2402

Working Hours:

Tuesday: 7 AM–9:30 PM

Wednesday: 7 AM–9:30 PM

Thursday: 7 AM–9:30 PM

Friday: 7:30–11:30 AM, 4–8 PM

Saturday: 7 AM–2:30 PM

Sunday Closed

Monday: 7 AM–9:30 PM

Location - https://g.co/kgs/RFzvcHx

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 Bur Dubai Medical Fitness Center

Located in: Central Mall

Address: Central Mall - Khalid Bin Al Waleed Rd - Al Hamriya - Dubai

Phone: 04 509 6637

Working Hours:

Tuesday: 7 AM–9:30 PM

Wednesday: 7 AM–9:30 PM

Thursday: 7 AM–9:30 PM

Friday: 7:30–11:30 AM, 4–8 PM

Saturday Closed

Sunday Closed

Monday: 7 AM–9:30 PM

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Services: Provides health screenings required for Dubai residency visa applicants, including TB and blood tests.

Al Karama Medical Fitness Center

Located in: Karama Business Center - مركز الكرامة للأعمال

Address: Fajer Building - 9 19dStreet - opposite Karama Post Office - Al Karama - Dubai

Phone: 04 342 6666

Working Hours:

Tuesday: 7 AM–10 PM

Wednesday: 7 AM–10 PM

Thursday: 7 AM–10 PM

Friday: 7 AM–10 PM

Saturday: 8 AM–10 PM

Sunday: 8 AM–8 PM

Monday: 7 AM–10 PM

Location - https://g.co/kgs/8kTW6zf

Services: Provides essential medical tests for residency visa applications, including chest X-rays, blood tests, and more.

Al Nahda Medical Fitness Center

Located in: Al Nahda Centre

Address: Al Nahda - Al Qusais 1 - Dubai
Areas served: Dubai and nearby areas

Working Hours:

Tuesday: 7 AM–9 PM

Wednesday: 7 AM–9 PM

Thursday: 7 AM–9 PM

Friday: 7:30–11 AM, 4–7:30 PM

Saturday: 7:30 AM–2 PM

Sunday Closed

Monday: 7 AM–9 PM

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Services: Specializes in medical fitness assessments including tuberculosis and HIV testing for Dubai residency visa applicants.

Al Garhoud Medical Fitness Center

Address: Star Building - 11 شارع ٨ القرهود‎ Ground Floor - Al Garhoud - Dubai

Phone: 04 546 4260

Working Hours:

Tuesday: 7 AM–9 PM

Wednesday: 7 AM–9 PM

Thursday: 7 AM–9 PM

Friday: 7:30–11:30 AM, 4–7:30 PM

Saturday: 7 AM–2 PM

Sunday Closed

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Services: Offers a range of medical fitness tests including TB screening, chest X-rays, and blood tests required for residency visa processing.

Hatta Hospital

Address: Hill Park - Hatta - near Hatta - دبي
Phone: 800 60

Working Hours:

Tuesday: Open 24 hours

Wednesday: Open 24 hours

Thursday: Open 24 hours

Friday: Open 24 hours

Saturday: Open 24 hours

Sunday: Open 24 hours

Monday: Open 24 hours

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Services: Performs medical fitness exams and related tests for residency visa applicants in Dubai, including TB tests and blood work.

Al Muhaisnah Medical Fitness Center

Address: Amman St, Exit 63 Al - Sheikh Mohammed Bin Zayed Rd - Dubai

Phone: 800 60

Working Hours:

Tuesday: 7 AM–2:30 PM

Wednesday: 7 AM–2:30 PM

Thursday: 7 AM–2:30 PM

Friday: 7:30 AM–12 PM

Saturday Closed

Sunday Closed

Monday: 7 AM–2:30 PM

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Services: Provides medical tests such as blood screening and chest X-rays required for visa processing and renewal.

Al Lusaily Medical Fitness Center

Address: Dubai

Phone: 800 60

Working Hours:

Tuesday: 7:30 AM–10 PM

Wednesday: 7:30 AM–10 PM

Thursday: 7:30 AM–10 PM

Friday: 7:30 AM–12 PM

Saturday Closed

Sunday: 7:30 AM–2 PM

Monday: 7:30 AM–10 PM

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Services: Offers medical fitness assessments for residence visa applicants, including blood tests, chest X-rays, and health evaluations.

Al Rashidiya Medical Fitness Center

Address: 19 33A St - Al Rashidiya - Dubai

Phone: 800 60

Working Hours:

Tuesday 7 AM–9:30 PM

Wednesday 7 AM–9:30 PM

Thursday 7 AM–9:30 PM

Friday 7:30–11:30 AM

Saturday Closed

Sunday Closed

Monday 7 AM–9:30 PM

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 Al Yalayis Medical Fitness Center

Address: DIP2 - Dubai Investment Park - 2 - Dubai
Phone: 04 821 5111

Working Hours:

Tuesday 7 AM–9:30 PM

Wednesday 7 AM–9:30 PM

Thursday 7 AM–9:30 PM

Friday 7–11:30 AM, 4–8:30 PM

Saturday 7 AM–2:30 PM

Sunday Closed

Monday 7 AM–9:30 PM

location - https://g.co/kgs/hsbytDQ

Services: Provides essential medical screenings required for residency visa applications, including blood tests and chest X-rays.