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Taxing Times in Dubai: Will Business Owners Face a Heavy Blow with the 9% Levy? The demographic composition of the UAE is predominantly expatriate, comprising nearly 90% of the population.  The introduction of VAT and corporate tax aligns with the objective of retaining financial resources within the country, fostering a healthier national economy. Historically, before […]

Dubai Tax Structure The UAE has implemented a comprehensive federal tax system that is applicable to all businesses and commercial activities across the seven emirates. Despite this broad application, certain exceptions exist: 1. Businesses in Natural Resource Extraction: Entities engaged in the extraction of natural resources will remain subject to the tax decrees issued by […]

A Comprehensive Overview of Income Categories Exempt from Taxation Income exempt from income tax generally includes: 1. Dividend Income from Qualifying Shareholdings: Dividends earned by a UAE company from its qualifying shareholdings, with specific criteria to be defined in the forthcoming law. 2. Capital Gains: Profits derived from the sale of assets resulting in capital […]