By MukomCorporate Tax In UAE – All You Need To Know September 9, 2024 The UAE has introduced corporate tax on business profits for the first time in its history, marking a significant shift from its traditional tax-free status. With rates ranging from 0% to 9%, this new UAE corporate tax system affects businesses differently depending
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By MukomSince kicking off, VAT has become a major revenue generator in the UAE. Companies mustregister for VAT and submit their filings on time – it’s a matter of legality, not just smart.Overlooking the regulations can lead to hefty penalties making it essential to have seasoned VATspecialists to navigate the complex guidelines and ensure legal compliance.
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By MukomThe UAE has been a global money center for a long time giving lots of perks to companies and foreign investors, like no tax on profits. But in December 2022, the UAE brought in a Federal Corporate Tax (CT law) starting June 1, 2023. The Federal Corporate Tax guide says companies making over AED 375,000 a year
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By MukomFor many new businesses, Dubai seems like a land of milk and honey, where profit andprosperity spring from the desert overnight. In many ways, this is a fair assessment. Dubai is aworld-renowned destination with a diverse population and dynamic economy. The UAEgovernment is also eager to attract new businesses and offers many incentives to entrepreneurs.
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By AhmadFor many new businesses, obtaining a Dubai mainland license opens the door to a land of opportunity—where growth, profit, and success can flourish rapidly. Dubai is widely recognized as a global business hub, thanks to its diverse population, strategic location, and dynamic economy. The UAE government actively supports entrepreneurship and offers a range of incentives
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By MukomWhy is Dubai one of the hottest business hubs today? It’s not just the iconic skyscrapers and luxury lifestyle. Dubai offers exceptional global connectivity, top-notch infrastructure, and a business-friendly atmosphere. With a VAT rate of just 5%, one of the lowest worldwide, both businesses and consumers enjoy reduced tax burdens. As experts in Dubai’s
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By AhmadDubai business setup cost is a key factor making it one of the hottest business hubs today. Beyond its iconic skyscrapers and luxury lifestyle, Dubai boasts unparalleled global connectivity, world-class infrastructure, and a highly business-friendly environment. With a VAT rate of only 5%, among the lowest globally, businesses and consumers alike benefit from minimal tax
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