How is corporate tax different from valueadded tax in UAE
04/04/2024 Financial & Legal Services
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The United Arab Emirates has its own set of rules and regulations when it comes to business establishment. From understanding the law of the land to fulfilling all the liabilities, business owners must be cognizant of all these obligations. Since the tax structure of the UAE covers several taxes, the business owner must be aware of all of them, especially the two important ones – VAT and Corporate Tax. The key difference between VAT and corporate tax is the nature of the tax. One is profit-based while the other is consumption-based. Learn more about VAT and corporate tax. Speak with a tax consultant at Shuraa Tax.
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