Finance

What VAT is charged at 5%?

VAT, or Value Added Tax, at a 5% rate is typically applied to specific goods and services as determined by national tax regulations. This reduced VAT rate is often used…

Read More

Is there 5% tax in Dubai?

Is there a 5% tax in Dubai? Yes, since January 1, 2018, the United Arab Emirates, including Dubai, has implemented a 5% Value Added Tax (VAT) on most goods and…

Read More

How many taxes does a business pay?

A business typically pays several types of taxes, which can vary based on its location, size, and industry. Understanding these taxes is crucial for compliance and financial planning. Here’s a…

Read More

Why is Dubai a tax haven?

Dubai’s reputation as a tax haven stems from its favorable tax policies, robust infrastructure, and strategic location. These factors make it an attractive destination for businesses and individuals seeking to…

Read More