Benefit from our expertise
The NYK Law Firm offers commercial and corporate tax guidance to clients from a broad range of industries, services, and professions, supporting them in ensuring compliance, avoiding risks, and optimising rewards.
We provide specialised tax guidance to both domestic and international firms, relying on the strength of our global office network to make sure that our advice and assistance adhere to local law and practice.
Our tax professionals collaborate closely with our client’s corporate, commercial, and financial teams to reduce tax expenses and boost tax reliefs. Additionally, we offer expert tax counsel on all transactions including the tax implications of employee perks and incentives.
The UAE does not levy income tax on individuals. However, it levies corporate tax on oil companies and foreign banks. Excise tax is levied on specific goods which are typically harmful to human health or the environment.
As of today, there is no personal and corporate income taxation in the United Arab Emirates. It means that the UAE provides the unique possibility of receiving a 100% tax-free salary in Dubai and other Emirates.
There are two types of taxes namely, direct taxes and indirect taxes. The implementation of both the taxes differs. You pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the taxes indirectly, like sales tax, service tax, and value added tax etc.
People who pay income tax are generally individuals who earn an income (from a salary, commission, fees, etc.). Corporate tax includes tax paid by companies or close corporations, as well as trusts, on their annual income.
Our legal professionals work hand to hand to ensure we efficiently cover legal inquiries across our practice zones. Thank you for your interest in NYK Law Firm.
Some cases may look alike but not always to the details. We always make sure we understand our clients to the nearest detail so we can provide optimal support. We take your issue and transform it to an opportunity so you make full profit from it.
Our experience and expertise permits us to understand your issue faster.
Details focused, we bring out a strategy for best possible result.
We follow-up the case closely, keeping you aware of it evolution.