Goods and Services Subject to Zero VAT Rate VAT was implemented in UAE in 2017 and VAT is Supervised by Federal tax Authority of UAE.VAT at zero rate shall apply to the following Goods and Services: 1.Export of Goods & Services A direct or indirect Export of Goods and Services to outside the Implementing States…
VAT in UAE Introduction The implementation of Value Added Tax (VAT) in the United Arab Emirates (UAE) has brought significant changes to the country’s economy. Understanding VAT and its implications is crucial for businesses and individuals operating in the UAE. In this article, we will delve into the details of VAT, its purpose, how it…
Individual Tax Identification Number (ITIN) is a unique nine-digit tax processing number issued by the Internal Revenue Service (IRS) for individuals who are not eligible for a Social Security Number (SSN) but are required to file tax returns with the IRS.
Tax Calculator 2023| Non-Salaried/Business/AOP
The government of Pakistan recently announced the tax slabs for salaried individuals for the fiscal year 2022-23. The minimum income tax rate is set at 2.5% for those earning up to Rs. 100,000 per month, while the maximum tax rate is set at 35% for individuals earning a monthly salary exceeding Rs.1million.