Taxation Laws in UAE
Types of Taxes in Dubai
Types of VAT
Exempt income
Types of Income
Other Income includes income such as lottery winnings, prizes, alimony, or any other sources of income.
Books of Accounts to be maintained
Corporate Tax Rates
• Zero percent on the portion of the Taxable Income below AED375,000.
• Nine percent on Taxable Income that exceeds AED375,000.
Corporate Tax Timeline
Taxable Persons are required to file a Corporate Tax return for each Tax Period within 9 months from the end of the relevant period. The same deadline would generally apply for the payment of any Corporate Tax due in respect of the Tax Period for which a return is filed.
VAT Return
Incorporating a Company
Choose a Business Activity.
Obtain Initial Approvals from Relevant Authorities.
Prepare the Memorandum of Association (MOA): Draft the MOA, which outlines the company's structure, shareholders, activities, and other essential details.
Determine the Company Type: Mainland company, Free zone company, or Offshore company.
Select a Company Name that complies with the guidelines and restrictions set by the Department of Economic Development (DED).
Reserve the Trade Name: Apply to reserve the chosen trade name with the DED or the respective free zone authority.
Register with Government Authorities such as the Dubai Chamber of Commerce and Industry, the Federal Tax Authority (if applicable), and obtain any necessary permits or clearances.
The amount you do not include as income
Amount that you earn or receive that you don't need to declare as income.
Bookkeeping Services
Services Covered:
•Monthly Trial Balance
•Monthly Legers- Banks Reconciliations
•Quarterly Accounting Reporting
•Balance Sheet, Profit & Loss & Cash Flow Statement in Every 4 months
•Tax/VAT Filing – Quarterly
•Tax /VAT Computing – Quarterly
•Tax/VAT Advisory – Quarterly
Tax Filing Services
Services Covered:
•VAT tax return filing
•VAT Advisory
Stay connected for more information
Our Founders
We have robust team to ensure smooth transition of all kinds of projects from their initiation to completion.
Moreover, at BnC Global, we have incorporated best practices for accounting & tax preparation
assuring information Security and Confidentiality Assurance to all our clients.
Our Mission:
To enable organizations improve their
fundamental performance, reinvent their
business and lead their people through
transformational change
Our Vision:
Our Vision is to solve your problems with our innovative solutions as well as help you implement the solutions and train the people
If you would like to outsource to BnC Global, please fill in our inquiry form. Our sales executives will get it touch with you immediately. Even if you are not yet ready to venture into outsourcing, you are always welcome to get in touch with us to find out more about outsourcing to India.
​
Gain a first-hand understanding on how outsourcing can help you by signing up for one of BnC Global Free Trial Programs.
Give us an opportunity to assist you by filling the questionnaire
