Part 3 Compliances.mp4

the 10 key tax compliances businesses in Dubai must follow:
1. Corporate Tax (CT): 9% tax on profits over AED 375,000, with annual tax return filings.

2. Value Added Tax (VAT): 5% VAT on goods and services, with registration, quarterly/annual filings, and payment.

3. Economic Substance Regulations: Annual reports for businesses conducting specific activities (e.g., banking, IP).

4. Excise Tax: Tax on harmful goods (e.g., tobacco, energy drinks), with registration and filing requirements.

5. Withholding Tax: No withholding tax in the UAE, but reporting obligations for foreign payments may apply under tax treaties.

6. Customs Duties: 5% import duty on goods, with compliance for import/export regulations.

7. Payroll Taxes: Social security contributions for UAE nationals, with the Wages Protection System (WPS) for timely payments.

8. Tax Residency Certificate: Application for tax residency to benefit from double taxation treaties.

9. Free Zone Compliance: Adherence to specific tax rules of free zones, including reporting and economic substance.

10. Municipal Taxes & Levies: Taxes for real estate, hospitality, and other local services, including tourism fees.
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