Corporate Tax

Corporate Tax Solutions

Corporate tax technology solutions from RVG Tax deliver a comprehensive view of corporate taxes across accounting, compliance, and audit teams. Those on our proprietary Advantage platform can simplify complex processes to better control risk and maximize profitability. Advantage manages processes related to fixed assets, federal and state tax, NOLs, provision analysis, sales and use tax rates, and more, making it easy to identify tax savings, factor in the impacts of legislation, and make more informed business decisions.

Dubai is a main business center in the Middle East and a tax haven that comes with various benefits. The taxation system is enough especially for business persons interested in performing the activities in the free zones of Dubai where there is no corporate tax. There are also differences which apply in the oil and bank sectors in the Emirates, where the corporate tax is set at a maximum rate of 55%.

Tax legislation in Dubai

Dubai is one of the seven emirates of the UAE and the federal government has exclusivity when it comes to the taxation system. However, the national government has not issued any tax laws leaving each emirate to decide on how to impose the taxes on individuals residing here and companies registered in the country.

The Dubai taxation practice relies on a set of tax decrees which have been issued in 1969, nevertheless, in 2018 several tax laws have been issued by the UAE government. These laws refer to the introduction of the value-added tax and the excise tax.

At the moment, the UAE has more than 100 such conventions signed which means local and foreign citizens and enterprises benefit from various tax exemptions or reductions on certain incomes.

Our company registration experts in Dubai can offer detailed information on the newest laws related to taxation in this emirate.

The corporate tax in Dubai

In order to be taxed, companies in Dubai must comply with a few requirements imposed by the local government. First of all, the company must be registered and operate in Dubai through a local company or branch office, and secondly, it must be engaged in trading activity. Also, the corporate tax will be required on the income generated during a tax year. Most of the times, the tax year in Dubai coincides with the calendar year.

Aside from the UAE taxation system, each Emirate has its private corporate tax system in place. Dubai also has its own corporate tax legislation which requires certain taxes to companies operating within the Emirate. Although, in reality, taxes only apply to several types of companies only:

  • Dubai companies running in the gas and oil industry
  • Subsidiaries of foreign banks operating in Dubai.

While Dubai gas and oil companies are subjected to a 55% tax rate applied to the company’s profits, subsidiaries of foreign banks are required to pay a 20% tax rate on the taxable income. But, there are no withholding taxes for remitting dividends, royalties or interests abroad.

While Dubai gas and oil companies are subjected to a 55% tax rate applied to the company’s profits, subsidiaries of foreign banks are required to pay a 20% tax rate on the taxable income. But, there are no withholding taxes for remitting dividends, royalties or interests abroad.

For complete information about the taxation of corporations, you can receive more information from our company registration representatives in Dubai.

The value added tax in Dubai

As mentioned above, the introduction of the VAT in Dubai at the beginning of 2018 is one of the most important changes in the UAE’s taxation system. The value-added tax is levied at a national level and implies:

  • The VAT rate in Dubai is one of the lowest in the world, as it is established at 5%, however, there is also a 0% rate of the VAT;
  • The introduction of the VAT will imply for all companies incorporated or to be incorporated to register for VAT;
  • VAT-registered companies can demand refunds from the tax authorities in Dubai based on a set of documents they must record.

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