The tax is calculated as the product of the tax rate on the net profit for the financial year. The rate of 0% applies to profits up to 375,000 AED, and the rate of 9% applies to amounts exceeding this threshold. Example: If a company earned a profit of 400,000 AED at the end of the financial year, it will be required to pay a corporate tax amounting to 2,250 AED. 375,000 * 0% + (400,000 - 375,000) * 9% = 0 + 25,000 * 9% = 2,250.

Yes, violations of the law are subject to sanctions in the form of fines and/or imprisonment. Violations such as non-payment of taxes on time, providing false tax returns, violating the deadline for submitting a declaration, failure to provide documents upon request, inability to maintain accounting records, and other types of violations are punishable. If the violation is deliberate or repeated, the amount of fines may increase and may exceed the amount of arrears by a multiple.

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