Taxes

Taxes are compulsory financial charges imposed by a government on individuals, businesses, or transactions to fund public services and infrastructure. Taxes can be direct (income tax, corporate tax) or indirect (sales tax, VAT, customs duties). Tax rates, structures, and obligations vary by jurisdiction and entity type. In the UAE, for example, there’s a 9% corporate tax on business profits above a certain threshold and a 5% VAT applicable to most goods and services.