The UAE has been one of the most liked place for small and medium enterprises and multi-national corporations because of its 0% personal income tax and low corporate tax as low as 5%. There are free-trade zones in the UAE that have special tax, customs, and import regimes within themselves. In fact, there are more than 40 zones throughout the Emirates. Within these special areas, companies can be exempt from paying corporate tax for up to 50 years and they have 100% exceptions on import and export taxes.
Value Added Tax (VAT) :
Value added Tax (VAT) was implemented in UAE from 1st January 2018. It is a tax which is collected on the purchase and sale of goods and services. Tax is a form of indirect tax and is used in more than 180 countries around the world. The VAT Rate in the UAE is 5%. Some of the goods and services can be exempted from the VAT and treated as 0% tax rate.
Our VAT Services Includes :
Excise Tax :
Excise tax is introduced in 2017 all over the UAE. It is also a type of indirect tax levied on things that are often considered as harmful to people or the environment. The implementation of Excise Tax is to reduce the consumption of these products while also raising revenues for the government that can be spent on public services.
Our Excise Tax Services Includes :
Why YUGA ?
YUGA Accounting & Tax Consultancy is a leading taxation and VAT Consultancy firm in UAE offering professional tax services. With our Tax expert team, you can get an excellent service on VAT and Excise Tax.
FOR MORE INFORMATION, CONTACT US :
Phone : +971 52 1952 532 / +971 4 240 1110
Mail-Id : info@yugaaccounting.com
Website : www.yugaaccounting.com