What is the Taxation Law

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WHAT IS THE TAXATION LAW?
PRESENTED BY SAM EDDY
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TABLE OF CONTENT

• Type of Taxes

• Taxation Law in UAE

• Federal Taxes In UAE

• Income Tax

• Corporate Tax

• Individual Tax

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TAXATION LAW
In a nutshell, taxation refers to the
government's imposition of mandatory taxes on
individuals and businesses, whereas tax law
refers to the official and approved regulations
that apply to taxation. These laws provide
information on the specific constitutional,
legislative, and regulatory standards that apply
to taxation and assist people in understanding
the repercussions of failing to pay taxes.
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TYPE OF TAXES

• The tax law of every nation is exclusive still
  there are numerous common elements and imposed
  for strengthening the economy,

Undoubtedly the taxes are regarded as the
greatest source of income which the government
spend on the public welfare and development
mechanisms.

• Students studying law it is highly essential for
  them to understand the core concepts and write
  informative high-quality assignments.

• Our taxation law assignment help online offers
  students the best platform to understand the ins
  and out of taxation law and avail the best score.

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TAXATION LAW IN UAE
UAE is mainly a tax-free country and one of the
most preferred countries for employment and doing
business until 1st January 2018 when the country
introduced the VAT system. There are two types of
taxes in the UAE, namely Federal Taxes and
regional Taxes. So, our taxation law assignment
help UAE covers the details of these taxes for
offering in-depth knowledge to the students in
UAE.
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FEDERAL TAXES IN UAE
INCOME TAX
The federal system in the UAE does not impose any
tax on income, so IT return is not applicable to
the individuals residing in the country.
INDIVIDUAL TAX
the residents of GCC nationals, and they have to
pay a tax of 17.5 where 5 get deducted from
their salary. The employers pay the rest 12.5 as
a social security contribution.
CORPORATE TAX
UAE is somehow liberal in terms of corporate
taxes the government only imposes such tax on
the oil companies and overseas banks.
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