What is VAT?
VAT is a consumption tax levied on goods and services at each stage of the production and distribution process. It is ultimately borne by the final consumer but collected from businesses. VAT is charged on most goods and services supplied in the UAE, including imports. VAT is a common tax in many…
Strategies for Tax Planning in UAE
The UAE is increasing in popularity among holding companies looking to optimise their tax planning methods. One of the UAE's main advantages is that there are no withholding taxes on profits, interest, or royalties. This makes it an attractive choice for holding businesses that may receive revenue from subsidiaries…
The UAE, being a prominent business hub and a favoured destination for company establishments, has its unique set of regulations and requirements. It is imperative for entrepreneurs to familiarize themselves with the country's laws, particularly regarding taxes applicable to their operations. There are two key taxes that business owners in the UAE need to understand:…