UAE Corporate Tax Guide: Dos & Don'ts
- Thread starter JohnLocke
- Start date
- Status
Well, freezones don't need to charge VAT when working with non-UAE clients and other freezones. So one less tax to manage and 5% cheaper for clients.
Probably not, but if they trade with freezones - they do (or so I was told).
So the only advantage of FZCO for non-qualifying trading is basically FZCO-FZCO trade. I might be wrong, I tried to ask several accounting guys and received the opposite views.
Emiratisation, yes. Keep your staff to 20 people and that's it.. It is also important to mix nationalities. But I don't see any problem to hire some familiar Emirati after 20 personal employees. P.S. Fines from 50 to 500 thousand dirhams.
It's worth to keep your self up to date with the latest tax regulations in the UAE.
Right now, it feels like a total mess in the UAE - I bet even the tax folks there don't have a clue about their own rules. It's like pure chaos. Kinda like when you chop off a chicken's head, and it just keeps running around all over the place, totally lost.
Toggle signature
One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity
Right now, it feels like a total mess in the UAE - I bet even the tax folks there don't have a clue about their own rules. It's like pure chaos. Kinda like when you chop off a chicken's head, and it just keeps running around all over the place, totally lost.
Toggle signature
One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity
Last month I paid quite a big amount for a reputable tax consultant agency in Dubai to do a tax assessment for the company. After around a month back and forth they said they could not still clearly say if we had to pay tax or not and they refunded most of the payment. Their suggestion was to wait more for government clarification. And check back again”¦ so I can understand nobody knows
Let me agree with you)) It's not dangerous for small businesses. But if we talk about companies "exceeding their income by 375K", then audits, reporting, registration...headache. And yes, we are all waiting for the template when they finally have a single document (draft to fill out) for Corporate tax and VAT.
Are there any update to the current tax situation for Dubai companies or is everything still not clear on how to collect taxes to the Dubai regime ?
Toggle signature
One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity
Toggle signature
One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity
The situation in Dubai is the same, no one knows anything about the changes there and the 9% tax apply to all companies incorporated during the last years.
Toggle signature
Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.
Toggle signature
Do you want a total anonymous company with bank account? Get a step by step guide on how to do that here, it only requires mentor group gold.
Greetings to you! Everything is very clear. The best advice for you if you do not want to hire an accountant or pay for a detailed consultation is to visit the FTA website.
- Status