Taxation Laws in UAE
Types of Taxes in Dubai
Types of VAT
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.
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.
•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
•VAT tax return filing
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