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What is the VAT rate in the UAE?
The standard VAT rate in the UAE is 5%. This applies to most goods and services, with certain exemptions and zero-rated supplies
Who is required to pay VAT?
Consumers pay VAT when purchasing goods or services. Businesses collect VAT on sales and remit it to the Federal Tax Authority (FTA)
How do businesses handle VAT?
Registered businesses charge VAT on their sales (output tax) and pay VAT on their purchases (input tax). They file VAT returns periodically and remit the difference to the FTA
Who must register for VAT in the UAE?
Businesses must register for VAT if their taxable supplies exceed AED 375,000 annually. Businesses with taxable supplies between AED 187,500 and AED 375,000 can voluntarily register
What are the VAT filing deadlines?
VAT returns are generally filed quarterly or annually, depending on your business’s turnover. The returns must be submitted to the FTA within 28 days after the end of the tax period
Are there any exemptions from VAT?
VAT returns are generally filed quarterly or annually, depending on your business’s turnover. The returns must be submitted to the FTA within 28 days after the end of the tax period
What are the corporate tax rates in UAE?
Corporate Tax Rates: 0% Tax Rate: For taxable profits up to AED 375,000 (approximately USD 102,000). This is to support small businesses. 9% Tax Rate: For taxable profits exceeding AED 375,000. This is the standard corporate tax rate
