Dubai fz tax
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As long as you are in Freezone and doing business overseas (abroad) i.e. not doing business inside UAE. You won't be liable to pay any Corporate Tax in UAE. As we speak Federal Tax Authority (FTA) has put a paper in public consultation for not taxing such income which is most likely to be implemented shortly to not tax such income which is not earned from inside UAE to maintain UAE tax Free status among Free Zones which is the biggest business puller for UAE. If your turnover is less than 3 Million AED you can opt for Small Business Relief and no need to︀ pay any tax untill end of 2026. Corporate Tax is still new in UAE and︁ a lot of practices' are getting evolved but one thing is pretty sure that Free︂ Zone businesses will find a way to stay out of the Corporate Tax as long︃ as they are doing business outside UAE. Please let me know know if you have︄ any specific question.
Yes they recently introduced a regressive tax system to embark Sheik Mohammed bin Rashid Al Maktoum vision to only atract the best of the best.
Starting from 2023 you will be paying the following rates
9% 0 - 10m AED
4.5% 10m - 50m AED
0% above 50m AED
Starting from 2023 you will be paying the following rates
9% 0 - 10m AED
4.5% 10m - 50m AED
0% above 50m AED
Hi Mr. Gus there is no progressive rate in UAE its only 1 rate of 9% on Net Taxable profit more than 375,000 AED.
Though marketing is not a qualified activity but it depends on who your clients are if all your clients are based out of UAE? How much is your turnover going to be?
No You won't pay any taxes most likely︀ we are closely watching FTA's announcement. Is your Turnover more than AED 3 Million? or︁ expect to go up beyond this figure?
No You won't pay any taxes most likely︀ we are closely watching FTA's announcement. Is your Turnover more than AED 3 Million? or︁ expect to go up beyond this figure?
Please wait for few days there will be a clarification from FTA brining clarity on this. If all your income from outside UAE most likely it won't be taxable in UAE. Will keep you posted on this.
You've already got the marketing company at ifza (I have one too) so that's done.
Keep trading, and have a potential of only 9% tax on profits minus expenses and salary - could be practically zero if you're smart - or they'll announce you're exempt/qualified anyway and you︀ pay zero.
Either way it's low tax and zero on salary, cap gains etc.
Keep trading, and have a potential of only 9% tax on profits minus expenses and salary - could be practically zero if you're smart - or they'll announce you're exempt/qualified anyway and you︀ pay zero.
Either way it's low tax and zero on salary, cap gains etc.
Easy solution: keep 9% of your company's profits as cash reserve until UAE gets its act together and finalizes the tax law.
Normally when countries change tax rates, the new does not apply retroactively. It applies only on income from when the new tax law takes effect. But UAE is a monarchic dictatorship that's showing phenomenal incompetence, so we can't be sure standard practices apply.
Normally when countries change tax rates, the new does not apply retroactively. It applies only on income from when the new tax law takes effect. But UAE is a monarchic dictatorship that's showing phenomenal incompetence, so we can't be sure standard practices apply.
Chill.
Your company's fiscal year is important actually. And it's probably from 1. January to 31. December.
Until then you are still tax free for this year and after some more clarification you can start to decide if you want to liquidate your company or not.
Your company's fiscal year is important actually. And it's probably from 1. January to 31. December.
Until then you are still tax free for this year and after some more clarification you can start to decide if you want to liquidate your company or not.
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