The UAE will implement a Domestic Minimum Top-up Tax (DMTT) of 15% on large multinational companies starting January 2025. This tax is part of the OECD's global minimum corporate tax agreement, which aims to ensure that large corporations pay a minimum effective tax rate of 15% on profits in each country where they operate. The DMTT will apply to companies with consolidated global revenues exceeding €750 million ($793.50 million) in at least two of the four financial years preceding the tax's implementation. This move is intended to bolster the UAE's non-oil revenue and align with global tax standards.

In addition to the DMTT, the UAE's finance ministry is considering various corporate tax incentives, including refundable tax credits for research and development and high-value employment activities. These incentives aim to attract investment and support growth in the UAE's economy, particularly in sectors that drive innovation. The introduction of the DMTT and potential incentives reflects a broader trend among countries to enhance tax compliance and reduce tax avoidance, as seen in the global minimum tax agreement signed by over 140 countries.