Corporate tax in the United Arab Emirates (UAE) is a topic of great interest for businesses and investors worldwide. One of the most appealing aspects of the UAE's business landscape is its favorable tax environment. As of my last knowledge update in September 2021, UAE does not impose federal corporate income tax on most businesses operating within its borders. This tax-free regime has played a pivotal role in attracting multinational corporations and fostering economic growth. However, it's important to note that there are exceptions to this rule. Certain industries, such as oil and gas, banking, and telecommunications, may be subject to specific taxes at the emirate level. Additionally, there is a Value Added Tax (VAT) introduced in the UAE, which applies to most goods and services, including some corporate transactions. Spectrum, as a business consultancy in the UAE, likely plays a crucial role in helping companies navigate the country's tax landscape. They may offer services related to tax planning, compliance, and ensuring that businesses take full advantage of the tax benefits and incentives available in the UAE. In summary, the UAE's corporate tax regime, with its generally low tax burden, remains a significant attraction for businesses, and firms like Spectrum are instrumental in helping organizations make informed decisions regarding taxation in this dynamic and business-friendly environment. Please verify this information with the latest updates, as tax regulations can change over time.