Will UAE Corporate Tax replace Excise Tax in the UAE?
UAE Corporate tax cannot replace Excise Tax as both are different taxes and both the taxes apply in the UAE.
Examples-
- UAE Corporate Tax is a form of direct tax, which is paid by the taxpayer himself. It is levied on the net income or profit, with a tax rate of 0% or 9%.
Excise Tax: Excise Tax is a separate consumption tax. It applies to specific goods that are considered harmful to human health or the environment, such as tobacco products, sugary drinks, and energy drinks. Excise Tax is typically levied at a specific rate or as a percentage of the excise tax base.
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Related Content for UAE Corporate Tax
Are Free Zone companies in UAE liable to Corporate Tax ?
Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.
Can you Split up your Business to claim Small Business Relief in the UAE?
If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?
Who is a Taxable Person under UAE Corporate Tax Laws?
Are you a Taxable Person liable for Corporate Tax under the UAE Corporate Tax Law? Can an Exempt Person be considered as a Taxable Person?