Corporate Tax in the UAE Starting 01 June 2023, the federal tax authority will levy a 9% corporate tax on net income or profit of companies and corporations on taxable income of more than AED 375,000. However, no corporate tax shall be levied on table income of up to AED

Value-Added Tax or VAT (at the rate of 0% or 5%) was first introduced in the UAE in January 2018 on all goods and services supplied within the UAE region. However, a few of those supplies were distinctively categorized as exempted supplies. Since tax compliance is paramount for UAE businesses as well

VAT or Value-Added Tax is a tax paid by the consumer at the end of the supply chain. As the name states itself, it is a tax that is enforced incrementally on the price of the product or service at every stage of the supply chain when the value is added

The World Expo is coming this year to the UAE. The already buzzing sound of Expo 2020 Dubai chants are creating a wave of excitement for the people as well as the businesses that are soon to present their groundbreaking ideas and technological innovation in this one-of-a-kind business expo that

Since the year 2018, VAT in UAE has been collected from businesses at the rate of 5%. The businesses pay the output VAT on the sales that have been made but as the investment on the business leads to several expenses, input VAT is also paid in this regard. What is a