2013 20162019years7 Indeed, in just two years, China and Arab countries have made remarkable achievements in co-creating the Belt and Road Initiative.

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 are going to find out.

There are three common taxes in the UAE:Import duty: If a trading company in the Dubai bonded zone sells goods to a company in the UAE non-bonded zone, it must be paid by the clearance party (usually the buyer)5%However, if the Dubai Trading company's purchases, marketing and sales are all carried out outside the UAE, it is not easy to impose import duties. The second is income tax, the income tax of Dubai enterprises, the government service commitment from the day of creation50Corporate income tax will be exempted within the year. And VAT, DubaiVAT in2018years1month1Day gradually, declared execution, tax rate is5%, sales of goods in the UAE market will incur VAT if the company's taxable total sales amount exceeds375,000Dirham's compulsory registration threshold, companies must register for VAT. In addition, if the company's taxable sales total is less than the mandatory registration threshold but higher187,500Dirham, businesses can register for VAT voluntarily. Similarly, businesses can register voluntarily if the cost of a business process exceeds the agreed registration threshold. The last opportunity to agree to register aims to make it possible for startups to register for VAT without sales. In general, it can be seen that the UAE's tax regime is characterized by a narrow tax rate and low levy rate, which is precisely the reason that attracts the increasing number of companies registered in the UAE.

CycloseThe company is committed to providing domestic and foreign customers with corporate 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 private enterprises, listed companies and large state-owned enterprises.