Which taxation service is best for your business

Which taxation service is best for your business

In Dubai, businesses may be subject to one of several different tax regimes, depending on the business activity and legal structure of the business. Some of the potential taxation types that may apply to a business in Dubai include:

Value-Added Tax (VAT)

VAT is a consumption tax that is applied to the sale of goods and services in Dubai. The standard VAT rate in Dubai is 5%.

Excise Tax

Excise tax is a tax on specific goods that are deemed harmful to public health or the environment. These goods include tobacco, energy drinks, and carbonated drinks. The excise tax rate in Dubai ranges from 50% to 100% of the price of the taxed goods.

Corporate Income Tax

Corporate income tax is a tax on the profits earned by a company. In Dubai, corporate income tax is generally not applicable to businesses operating in certain designated free zones.

Personal Income Tax

Personal income tax is a tax on the income earned by individuals. Personal income tax is generally not applicable in Dubai, as the emirate does not have a personal income tax system.

It is important to note that the taxation regime that applies to your business in Dubai may depend on the specific activities your business engages in, as well as the legal structure of your business. It is advisable to consult with a tax professional or financial advisor to determine the applicable taxation regime for your business.

KLOUDAC Accounting Firm Dubai, UAE

Tax preparation services are frequently more expensive than do-it-yourself choices, but hiring a tax prep professional may be a wise move if your taxes are particularly complicated. KLOUDAC can help you with taxation services that best fit you.