taxation sharjah

Income tax rates in Al Ain vary based on an individual's income level, with progressive tax brackets. The rates range from 0% for the lowest income bracket to a maximum of 30% for the highest bracket. Corporate tax rates, on the other hand, are fixed at a standard rate of 20% for all businesses operating in Al Ain.

Property tax in Al Ain is levied on the ownership or occupation of real estate properties. The tax rate varies depending on the type and value of the property. It is important for property owners to be aware of their tax obligations and ensure timely payment.

Value-added tax (VAT) was introduced in Al Ain on January 1, 2018. The standard VAT rate is set at a rate of 5%, with some goods and services qualifying for exemptions or zero-rating. Businesses are required to register for VAT if their annual taxable supplies exceed a certain threshold, and comply with regular VAT reporting and payment requirements.

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