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:…
UAE Tax Planning in 2023
The UAE Ministry of Finance has announced that Value Added Tax (VAT) at a flat rate of 5% will be implemented on 1 January 2018 with some exceptions on essential goods such as basic food, healthcare and education. However, as the UAE prepares to introduce a new VAT system, there…
Corporate Tax in UAE
Corporate taxation is a critical aspect that businesses operating in the UAE must be aware of, despite the favorable tax environment in the country. While the UAE does not impose federal corporate tax, there are still important regulations and requirements that businesses need to comply with in order to avoid tax…