Taxation
06
VAT
The UAE is considering levying Value Added Tax (VAT) from January 2018. The rate of VAT will be 5 per cent. VAT will provide the UAE with a new source of income which will be continued to be utilized to provide high-quality public services. It will also help government move towards its vision of reducing dependence on oil and other hydrocarbons as a source of revenue.
Corporate Tax
Corporate Tax will be applicable to all businesses operating in the UAE, with the exception of natural resource extraction which will continue to be subject to Emirate level corporate taxation. Foreign entities and individuals will only be subject to Corporate Tax if they engage in ongoing or regular trade or business activities in the UAE.
Registration
Registration for VAT is mandatory for businesses with supplies and imports of more than AED 375,000 annually. Also, businesses with supplies greater than AED 187,500 per year can voluntarily register for VAT.
Registration for Corporate Tax is mandatory for all the business(Mainland and including Free zones companies, establishments) in UAE.
Our Services
- VAT Registration, De-registration; and group registration
- VAT Return Filing
- VAT Assessment
- VAT Health Check
- VAT Reconsideration
- Tax Audit
- Applying VAT refund
- Corporate Tax registration, DE-registration; and group registration
- Corporate Tax advisory
- Tax Consultancy
- Tax Planning
Hire Us!
Registration, filing for VAT (Value Added Tax) and Corporate Tax is important for businesses, but it can be complicated. STARKS MANGEMENT CONSULTANCIES has a team of experts who can help you through the process to make sure you have all the information you need.