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Proacc Accounting is a leading provider of corporate tax services in the UAE and Dubai. With a team of highly experienced tax consultants in Dubai, we offer a comprehensive range of services, including VAT registration and filing, Advising on tax planning and compliance, Liaising with the FTA for tax-related issues, etc.
Moreover, with a deep understanding of the local tax regulations and practices, we also provide solutions to help businesses navigate the complexities of corporate tax in Dubai. Our team of experienced tax consultants assists clients in optimizing our tax strategies, ensuring compliance with the applicable laws, and minimizing tax liabilities.
The UAE has gained a reputation for its favorable conditions for business, attracting global investors and entrepreneurs. Presently, corporate tax in the UAE is limited to specific sectors such as oil, gas, petrochemicals, and foreign bank branches.
However, the UAE has introduced Value Added Tax (VAT) at a rate of 5% since January 2018, which applies to most goods and services. Despite this, the overall tax burden for businesses in the UAE remains relatively low compared to other countries, making it an attractive destination for businesses seeking tax-efficient structures.
As one of the seven emirates that make up the UAE, Dubai follows the same corporate tax registration framework as the rest of the country.
Moreover, Dubai has also established several free zones, which offer additional tax incentives and benefits for businesses operating within these designated areas. Companies in free zones are generally exempt from import and export duties, and they can benefit from 100% foreign ownership and repatriation of profits.
