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The standard rate for corporate tax is 9%. Some businesses qualify for a rate of 0% while companies that fall under the criteria of the global minimum corporate tax rate agreement are charged a corporate tax rate of 15%. [5] Free zone businesses can get exempt from federal corporate tax as long as they do not do business with the UAE mainland. [6]
The types of Business Licenses issued in the United Arab Emirates (UAE) are professional, commercial, industrial and tourism. The professional license covers services offered by professionals, artisans and craftsmen; the commercial license covers all trading and commercial activities performed with an intention of making profit ; the industrial license covers all industrial and manufacturing ...
United Arab Emirates: 0% (free zone companies, [229] as well as mainland companies with less than 375,000 AED a year in profit, [230] may need to fill out a tax return) 9% (for mainland companies with a net profit over AED 375,000 annually, taxation paid to other countries credited towards UAE taxation, tax return required) [230] 0% [231] 5% ...
Free-trade zones in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are 26 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business ...
It is expected to allow them to do business in the Free Zone [6] as well as in the mainland of UAE using the same business license. For Example, Sharjah Publishing City (SPC) Free Zone [ 7 ] offers a Dual License for the investors enabling them to easily offer services in the mainland [ 8 ] and Free Zone together.
The tax rate varies from country to country and is usually calculated as a percentage of the corporation's net income or capital. Corporate tax rates may also differ for domestic and foreign corporations. Many countries have tax laws that require corporations to pay taxes on their worldwide income, regardless of where the income is earned.
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International taxation is the study or determination of tax on a person or business subject to the tax laws of ... tax. [12] United Arab Emirates: ... tax law, passed ...