How to work with VAT in the UAE
Recently, the United Arab Emirates has remained the leader in terms of the amount of foreign investment, as it is a politically and economically stable region with no corporate taxes and income taxes. Because of this, the UAE began to equate to offshore. Therefore, the government has an important task - how to ensure foreign investor guarantees of investments, while giving the opportunity to conduct business on liberal terms. It was decided to introduce a value-added tax. Thus, the base VAT rate is 5%, and the objects of taxation are all goods and services sold.
VAT 0% for businesses get:
Export of goods and services outside the Persian Gulf
Some precious metals used for investment
Consulting Pro will help you with advice on all requirements relating to VAT in the UAE.