Dubai Insider

      What is the corporate tax rate in the UAE, and how does it compare to other countries in the region and around the world? Currently, there is no federal corporate tax in the UAE . However, some Emirates may impose taxes on corporate entities, such as Dubai's 5% tax on the profits of foreign banks and oil companies. Additionally, there are taxes on specific industries, such as a 100% tax on tobacco and energy drinks. Overall, the tax regime in the UAE is considered to be business-friendly and attractive to foreign investors, as the lack of a federal corporate tax provides a competitive advantage compared to other countries in the region and around the world. What are the penalties for non-compliance with corporate tax regulations in the UAE, and how are they enforced? Contact Us for MORE details The penalties for non-compliance with corporate tax regulations in the UAE can vary depending on the specific violation. Generally, penalties for failing to comply wit...

  If you are a business owner in the UAE, registering for VAT is mandatory if your taxable supplies and imports exceed AED 375,000 per annum. Here's how you can register for VAT in the UAE: Check if you need to register for VAT - As mentioned earlier, if your taxable supplies and imports exceed AED 375,000 per annum, you must register for VAT . If your supplies and imports are less than AED 375,000, registration is optional. Gather the required documents - You will need to provide some documents when registering for VAT, including a copy of your trade license, Emirates ID, passport copy of the authorized signatory, bank account details, and other supporting documents. Register for VAT online - You can register for VAT through the Federal Tax Authority (FTA) website. You will need to create an account, fill in the necessary details, and upload the required documents. Receive your VAT certificate - Once you have submitted your application, you will receive a VAT certificate from the ...