Skip to content Skip to Search
Skip navigation

UAE corporate tax arrival triggers recruitment fever

  • Companies in the UAE are recruiting tax specialists from abroad
  • 40% increase in tax roles, says accountants association head
  • Corporate tax at a standard rate of 9% came into effect on June 1

UAE companies advertised for double the number of tax accountants in the first quarter of 2023 compared to the same period last year, ahead of the introduction of the Emirates’ corporate tax. 

The Association of Chartered Certified Accountants (ACCA) saw a 40 percent increase in tax roles last year compared to 2021.

“Recruitment is big time right now,” said Fazeela Gopalani, head of ACCA Middle East, in a video interview with AGBI

“More organisations are recruiting tax specialists from abroad to come to the UAE… in order to get better prepared for the implementation of the corporate tax,” she said. 

Corporate tax at a standard rate of 9 percent came into effect on June 1 for companies with taxable income of over AED375,000.

The introduction of the corporate tax is going to make it “significantly more complex” for businesses, according to a Dubai-based lawyer.

It will force companies to hire tax professionals within the organisation instead of outsourcing jobs. 

“I am seeing more roles come on to the market as a result of the introduction of corporate tax as compared to value added tax,” said Shiraz Khan, partner at Al Tamimi & Company.

Watch the full video to learn more about the impact of the introduction of corporate tax on recruitment.

Latest articles

Terminal, Railway, Train

Alstom to upgrade driverless transit system at Jeddah airport

French train maker Alstom will upgrade the automated and driverless passenger transit system at King Abdulaziz International Airport, as the Jeddah airport aims to receive 114 million passengers by 2030. As part of the contract, Alstom will design, engineer, supply, integrate, test and commission a complete system upgrade of its Innovia automated people mover (APM) at the airport’s terminal […]

Abu Dhabi to generate 50% power from green sources by 2030 

Abu Dhabi plans to generate more than half of its electricity from renewable and clean energy by 2030, a senior Emirates Water and Electricity Company (Ewec) official has said. The state-owned entity is intensifying the emirate’s solar energy production plan to 7.6 gigawatts (GW) by 2030, the UAE state-run Wam news agency reported, quoting CEO Othman Juma […]

An Acwa Power solar facility in Saudi Arabia. The Bank Of China loan will help finance its solar projects in Uzbekistan

Acwa Power takes China bank loan in first for Saudi Arabia

Saudi energy major Acwa Power has secured an $80 million loan from the Bank of China as the appeal of the Chinese Renminbi as a trade currency gains traction in the GCC. Acwa Power, the world’s largest private water desalination company and a first mover into green hydrogen, has received the equity bridge loan to […]

Solar power panel

Cost of Xlinks Morocco-UK project balloons by a third

The cost of an ambitious project to deliver green energy from the south of Morocco to power homes in the UK has ballooned by more than a third to $30 billion. Xlinks First is behind the Morocco-UK renewables project, which would construct the world’s longest high-voltage direct current (HVDC) subsea power cable between the North […]