Starting June 2023, Dubai will implement a 9% corporate tax on profits exceeding AED 3,75,000, under Federal Decree-Law No. 47 of 2022. This new tax law offers a 0% rate for profits below the threshold, providing relief to small businesses and startups. Additionally, free zone entities can qualify for a 0% tax rate by fulfilling specific criteria, maintaining Dubai's attractiveness as a business destination.