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CORPORATE TAX IN UAE
F L Y I N G C O L O U R T A X A N D A C C O U N T I N G S E R V I C E S
Get Started
Introduction to Corporate Tax in
UAE
Learn More
Definition: Corporate tax is a levy placed on the
profits of businesses in the United Arab Emirates
(UAE).
Importance: Understanding the corporate tax
system is crucial for businesses operating in the
UAE.
Corporate Tax
Rates
• Tax Rates:
⚬ Standard corporate tax rate: 0% (varies by Emirate)
⚬ Certain free zones offer tax exemptions for a set
number of years.
⚬ No Value Added Tax (VAT) on exports.
• Factors Affecting Rates:
⚬ Type of business activity.
⚬ Location of the business (free zone or mainland).
Tax Exemptions and
Incentives
• Free Zones:
⚬ Companies established in free zones enjoy tax
exemptions for a specific duration.
• Incentives:
⚬ Foreign ownership allowed in certain free zones.
⚬ Full repatriation of profits and capital.
VAT in the
UAE
VAT Overview:
• Implemented in UAE from January 1,
2018.
• Standard VAT rate: 5%.
• Impact on Businesses:
• Businesses with taxable supplies
exceeding a certain threshold must
register for VAT.
First Month Second Month Third Month
Compliance and
Regulations
Compliance Requirements:
⚬ Companies need to maintain proper
records and submit regular tax returns.
• Regulatory Authorities:
⚬ Federal Tax Authority (FTA) oversees tax
matters in the UAE.
Conclusion
• Key Takeaways:
⚬ Corporate tax rates in the UAE are attractive for
businesses.
⚬ Understanding tax regulations is essential for
compliance.
• Contact Flyingcolour Tax and Accounting Service:
⚬ For professional assistance with corporate tax matters
in the UAE.
CONTACT
INFORMATION
+971 50 5585305
https://www.flyingcolourtax.com/
Office No.2608,2609 & 2610
Concord Tower Opposite Palm
Jumeirah Dubai Media City, Dubai.
UAE.
THANKS

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Corporate tax in Uae.pptx

  • 1. CORPORATE TAX IN UAE F L Y I N G C O L O U R T A X A N D A C C O U N T I N G S E R V I C E S Get Started
  • 2. Introduction to Corporate Tax in UAE Learn More Definition: Corporate tax is a levy placed on the profits of businesses in the United Arab Emirates (UAE). Importance: Understanding the corporate tax system is crucial for businesses operating in the UAE.
  • 3. Corporate Tax Rates • Tax Rates: ⚬ Standard corporate tax rate: 0% (varies by Emirate) ⚬ Certain free zones offer tax exemptions for a set number of years. ⚬ No Value Added Tax (VAT) on exports. • Factors Affecting Rates: ⚬ Type of business activity. ⚬ Location of the business (free zone or mainland).
  • 4. Tax Exemptions and Incentives • Free Zones: ⚬ Companies established in free zones enjoy tax exemptions for a specific duration. • Incentives: ⚬ Foreign ownership allowed in certain free zones. ⚬ Full repatriation of profits and capital.
  • 5. VAT in the UAE VAT Overview: • Implemented in UAE from January 1, 2018. • Standard VAT rate: 5%. • Impact on Businesses: • Businesses with taxable supplies exceeding a certain threshold must register for VAT.
  • 6. First Month Second Month Third Month Compliance and Regulations Compliance Requirements: ⚬ Companies need to maintain proper records and submit regular tax returns. • Regulatory Authorities: ⚬ Federal Tax Authority (FTA) oversees tax matters in the UAE.
  • 7. Conclusion • Key Takeaways: ⚬ Corporate tax rates in the UAE are attractive for businesses. ⚬ Understanding tax regulations is essential for compliance. • Contact Flyingcolour Tax and Accounting Service: ⚬ For professional assistance with corporate tax matters in the UAE.
  • 8. CONTACT INFORMATION +971 50 5585305 https://www.flyingcolourtax.com/ Office No.2608,2609 & 2610 Concord Tower Opposite Palm Jumeirah Dubai Media City, Dubai. UAE.