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UAE Corporate Tax
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The UAE Corporate Tax is a federal tax on business profits, introduced on June 1, 2023. The standard corporate tax rate is 9% for businesses with profits exceeding AED 375,000, while those below this threshold are exempt. Certain sectors, like natural resource extraction, remain subject to different tax regulations. The tax aims to align the UAE with international tax standards while maintaining its business-friendly environment.https://frenchcalendrier.com/
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Opportunities for the development of chemical industry companies



The development opportunities of chemical industry companies are mainly reflected in the following aspects:

Market demand growth: With the recovery of the global economy and the development of emerging markets, the demand for chemical products continues to increase. Especially in the fields of new energy, infrastructure construction, and healthcare, the demand for chemical products is particularly prominent. For example, the rapid growth of the new energy vehicle market has driven the demand for components such as automotive shock absorbers.

Policy support: Governments around the world have introduced a series of supportive policies to promote economic development and industrial upgrading. The Chinese government has provided more opportunities for foreign-funded enterprises to develop in China through measures such as expanding high-level opening up and lifting restrictions on foreign investment access. In addition, the construction of Hainan Free Trade Port has also provided policy dividends for the value-added business of petrochemical new material processing.

Technological innovation and green transformation: With the increasing awareness of environmental protection, green transformation and sustainable development have become important trends in the chemical industry. By adopting advanced technologies such as efficient catalysts and intelligent control systems, enterprises can not only improve production efficiency, but also reduce environmental pollution and meet market demand. For example, Guoneng Yulin Chemical has achieved the conversion of coal into chemical products by adopting advanced technological means, promoting green development.

International cooperation and diversified development: International cooperation and diversified development are also important opportunities for chemical industry companies. By participating in international projects, technical exchanges, and collaborations, enterprises can expand their markets, introduce advanced technologies and management experience, and enhance their competitiveness. For example, Hainan Refining and Chemical has effectively avoided market risks and improved profitability through hedging operations.

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