The United Arab Emirates (UAE) has one of the most dynamic and diverse economies in the world, attracting investors from all over the globe. However, with its complex tax system, it can be quite challenging for new businesses to navigate their way through it. Two essential taxes in UAE that companies need to understand are VAT and corporate tax. Although both may seem similar, they have distinct differences that every business owner should know about. In this blog post, we’ll delve into what each tax is, how they differ from one another, and what rates apply in UAE. So sit tight as we break down everything you need to know about VAT vs. corporate Tax!
- What is VAT?
- What is corporate tax?
- Difference between VAT and corporate tax