Understanding the UAE Corporate Tax Structure is paramount to conduct business smoothly, especially in the internationally acclaimed business hub of Dubai. As one of the most prominent financial centers globally, the UAE's unique and accommodating tax system offers significant benefits to corporations.
As the front-runners in the field, 28Group understands the nitty-gritty of the country's tax regime. In most cases, there is no corporation tax applied at the federal level in UAE, except for certain industries such as oil and gas, and banking. However, it's important to note that each Emirate, including Dubai, has its own list of taxable activities.
Over recent years, UAE has tweaked and refined its corporate tax structure, making it more comprehensive and clearer for businesses. 28Group breaks down these complex tax structures to basic elements, helping corporate bodies unravel the complexities. For instance, Dubai has implemented a 5% VAT effective since 2018, applied to most goods and services at each stage of the supply chain.
Overall, understanding the UAE Corporate Tax Structure is key to successful business operations. By leveraging the expertise of 28Group, businesses can make well-informed tax-related decisions, complying with all legal frameworks while taking advantage of the many financial benefits that operating within the UAE, particularly Dubai, can offer.