When it comes to operating a business in the United Arab Emirates, you have probably heard about the introduction of corporate tax in the UAE. Thus, although the UAE still has low rates of corporate taxation compared to other countries, there are ways to minimize the taxation burden and increase profits. This article will shed … Read more
The concept of capital and revenue expenditure is important to consider when budgeting expense for your business. This distinction is important when determining how an expense is tax treated, and this can greatly influence a company’s profit margin. In this article we shall be looking at the distinction between capital and revenue expenditure and the … Read more
The UAE Corporate Tax Law provides several tax incentives for businesses in Dubai. In this article, we will discuss the tax incentives for foreign businesses in Dubai and the benefits for foreign investors under the UAE Corporate Tax (CT) law. Benefits for Foreign Investors under the UAE CT Law Foreign businesses in Dubai enjoy a … Read more
It’s the foremost responsibility of every citizen to pay taxes as per the country’s tax regulations and understand the different types of taxes applicable to him/her. There are primarily two types of taxes i.e., direct and indirect taxes. Direct taxes are applicable on citizens and businesses and are directly collected by the government whereas indirect … Read more
The United Arab Emirates (UAE) introduced the Value Added Tax (VAT) in 2018 and this law provides that any foreign business that incurred certain expenditures shall be eligible VAT refund. This article explains how to claim VAT refund in UAE, and also shares an essential guide that helps ensure that your refund claim process is … Read more