The tax framework of the United Arab Emirates is diverse. Businesses that operate in the UAE fall under the scope of various tax regimes such as excise tax, value-added tax, corporate tax, customs duty tax, etc. Although businesses don’t need to pay hefty amounts of taxes, there are various other requirements that tax legislations impose on them. This makes it imperative for businesses to hire tax consultants in Dubai, UAE.
Selecting reputable and knowledgeable tax consultants is the greatest method to gain an understanding of the tax regulations of the country in which you reside and operate as a business. Farahat & Co. is one of the major tax advisors in the UAE, providing tax assistance and consultancy services to businesses throughout the country. Farahat & Co. assists businesses in dealing with the legal complexity of filing taxes by assisting businesses in handling all taxation activities. Our skilled tax advisors provide the best services to customers, assisting their businesses in complying with global tax regulations.
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Get A QuoteOur tax consultancy services help businesses understand the whole tax framework of the UAE. Our expert tax consultants in Dubai can provide you with a range of services including;
Hiring a tax expert is a better alternative for educating an entity or person about a country’s taxation standards. Tax experts assist with accounting procedures for tax-related reasons. Their services add worth to your company by;
The business environment of the UAE has always been tax-friendly making it one of the biggest business destinations of the world. However, to ensure transparency and to meet global business standards, the UAE has introduced various tax frameworks over time. Different types of taxes that our tax consultants in Dubai help with are as follows;
| Direct Tax | Indirect Tax |
| Corporate tax | VAT |
| Capital gains tax | Excise tax |
| Income tax | Custom duty tax |
UAE excise tax is a type of indirect tax applied to specified products that are often hazardous to the well-being of humans and the ecosystem. The products that follow will have to be classified as excise products or goods;
Corporate Tax in UAE, also known as the Corporate Tax, Company Tax, or Business Tax, was implemented by the UAE Mof (Ministry of Finance) which is a direct tax levied on the total income or gain of companies and firms. Corporate Tax in the UAE applies to;
| Income | Tax Applied |
| 375,000 AED or less | 0 percent |
| More than 375,000 AED | 9 percent |
The customs duty tax is a 5% tax on the good’s value together with the “CIF” (cost, freight, and insurance) value, which covers transportation costs till the goods arrive at their point of delivery.
Customs duty tax is 5% of the total value of the products plus the cost of freight insurance. For alcohol, it is 50% and for cigarettes, it is 100%. Dubai customs has banned the following items from entering the country;
Value-added tax is a type of consumption tax applied to services and products at the moment of purchase. It is a tax levied on consumers and companies for the products and services they purchase. The following supplies are taxable for value-added tax;
The following supplies are exempt from value-added tax;
The following supplies are taxed at the rate of zero percent;
Here’s how your business stands to gain from selecting the appropriate tax consultants, such as Farahat & Co.:
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