UAE VAT and Corporate Tax: All you need to know!

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What is the difference between VAT and corporate tax? Probably if you have a business in the UAE or you are thinking to open one, you should be aware of all taxes in the UAE. Watch this video until the end, as usually a lot of free informations.
Corporate tax is a profit-based tax, whereas VAT is a consumption-based tax. Corporate tax is levied on companies and paid by them at the rate of 9%, whereas VAT is borne by the consumers of the goods and services they consume at rate of 5%.

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