UAE Gold VAT is standard at 5% under the reverse charge mechanism; however, certain types of gold, such as investment-grade gold with a purity of 99% or higher, may be exempt under specific conditions. The rule was presented in Cabinet Decision No. 127 of 2024, covering precious metals such as gold, silver, diamonds, gemstones, platinum, …
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As a company finalizes its operations, it should obtain a tax clearance certificate in the UAE for asset transfers and refunds. A tax clearance certificate (TCC) indicates that a tax-registered business has settled all its outstanding tax debts. During the finalization process, you must obtain this document, as its absence can result in delays, denial …
Corporate income tax UAE is a form of direct tax which was introduced by the Ministry of Finance in January 2022 on the net profit or income of businesses. A 9% effective tax rate (ETR) is applicable on profits or income above AED 375,000, and 0% if taxable income is up to AED 375,000. A …
If you are wondering how do I register for corporate tax in the UAE in Emaratax? You are in the right place. This complete guide will help you understand the tax registration process, legal requirements, required documents and mistakes to avoid. As per the UAE law, businesses established in mainland and free zones must register …
How do I Register for Corporate Tax in the UAE in EmaraTax? Read More »
The Federal Tax Authority enforces new businesses to understand how to apply for a tax registration number (TRN) in UAE, as it is one of the most necessary procedures under VAT rules and regulations. The TRN is a 15-digit ID allocated to VAT-registered companies by the Federal Tax Authority (FTA). This article will help you …
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This corporate tax registration guide will help you understand the legal requirements of the Federal Tax Authority and how to get your tax registration number. Corporate tax is a type of direct tax imposed on companies’ net earnings or profits. It is also called corporate income tax. The corporate tax authority aims to ensure …
Important VAT changes coming to Dubai as the authorities introduced amendments in the Value Added Tax (VAT). These amendments are made to simplify the tax process, which will make sure the companies can adjust to new regulations. The firms need to know about these regulations as these changes will affect compliance with VAT in the …
Understand what is impact of VAT on E-commerce business in Dubai? And how you can stay compliant to avoid any fines. There is a 5% VAT fee on all online trade of goods and services. E-commerce means purchase of goods and services through an online website or market. The item purchased online is delivered to …
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