2013 20162019years7 Indeed, in just a few years, the Belt and Road cooperation between China and Arab States has produced a remarkable report card.

In recent years, more and more Chinese companies have registered in the UAE. How much do you know about the tax system in the UAE? Today we're going to find out.

There are three common taxes in the UAE:Duty: If a trading company in the Dubai bonded area sells to a company in the UAE non-bonded area, it needs to be paid by the clearance party (usually the buyer)5%But not if the Dubai trading company's purchases and sales are made outside the United Arab Emirates. The second is corporate income tax, the corporate income tax of Dubai Corporation, which the government has promised from the date of its establishment50Exemption from income tax during the year. And VAT, DubaiVAT in2018years1month1The beginning of the day, the official implementation, the tax point is5%, the sale of goods in the UAE will incur VAT if the business's taxable sales exceed375,000Dirham's mandatory registration threshold, businesses must register for VAT. In addition, if a business's taxable sales are below the mandatory registration threshold but above187,500Dirham, businesses can register for VAT voluntarily. Similarly, businesses can register voluntarily if their operating costs exceed the threshold for voluntary registration. The last opportunity for voluntary registration is designed to enable start-ups to register without turnover to pay VAT. To sum up, it is not difficult to see that the UAE tax system has a narrow tax base and low tax rate, which is also attracting more and more companies to register in the UAE.

CycloseFocusing on providing company audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many large state-owned enterprises and listed enterprises.