The UAE is taking a step forward on June 1 in expanding its revenue base when it introduces corporate tax next month.
The move will increase the country’s taxation scope after the introduction of value added tax (VAT) in 2018. There are also duties applied to exports and imports on trade, which add to the government revenue.
- Application of VAT in the UAE
- Corporate tax in the UAE
Source: The National News
Latest Posts in "United Arab Emirates"
- UAE Introduces 24-Month Grace Period for VAT Group E-Invoicing on Intra-Group Transactions
- UAE Releases Electronic Invoicing Guidelines: Scope, Timelines, and Requirements for All Businesses
- UAE E-Invoicing Rules: Scope, Formats, Deadlines, and Penalties for Businesses Explained
- UAE E-Invoicing Compliance: Peppol 5-Corner Model, XML Standards, and FTA Reporting Deadlines
- UAE E-Invoicing Guidelines: Scope, ASP Selection, Mandatory Fields, Roles, Onboarding, and Compliance
