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 E-invoicing: A Phased Approach to Digital Transformation
- UAE Finance Ministry Issues New E-Invoicing Resolutions
- E-Invoicing Revolution in the UAE & The Peppol 5-Corner Model Explained
- Dubai motorists to pay 5% VAT on Salik toll charges from June 1
- Salik to Add 5% VAT on Toll Tariffs and Tag Activation Fees
