• UAE - RAK Tax System

  • GENERAL

    Ras Al Khaimah does not levy corporation tax.

  • TAX RESIDENCY

    Tax Residency

    Not applicable since there is no corporation tax in Ras Al Khaimah.

    Taxable Basis

    Not applicable since there is no corporation tax in Ras Al Khaimah.

  • TAX ADMIN

    Taxable Period

    Not applicable since there is no corporation tax in Ras Al Khaimah.

    Tax Returns

    There is no requirement for companies in Ras Al Khaimah to file a tax return since Ras Al Khaimah does not levy corporation tax.

    Tax Assessments

    Not applicable since there is no corporation tax in Ras Al Khaimah.

  • CORPORATION TAX

    Corporation Tax

    Ras Al Khaimah does not levy corporation tax.

  • DIVIDENDS

    Dividends from Foreign Investments

    Dividend income from foreign investments is not taxable in Ras Al Khaimah.

    Dividends from Local Investments

    Dividend income from local investments is not taxable in Ras Al Khaimah.

    Withholding Tax on Dividends

    There is no withholding tax on dividend payments to local or foreign recipients.

  • INTEREST

    Interest Income

    Interest income is not taxable in Ras Al Khaimah.

    Interest Expense Deductibility

    Interest expense is not tax deductible since interest income is not taxable.

    Withholding Tax on Interest

    There is no withholding tax on interest payments to local or foreign recipients.

  • ROYALTIES

    Royalty Income

    Royalty income is not taxable in Ras Al Khaimah.

    Royalty Expense Deductibility

    Royalty expense is not tax deductible since royalty income is not taxable.

    Withholding Tax on Royalties

    There is no withholding tax on royalty payments to local or foreign recipients.

  • TAX LOSSES

    Ordinary Tax Losses

    Not applicable since there is no corporation tax in Ras Al Khaimah.

    Group Relief

    Not applicable since there is no corporation tax in Ras Al Khaimah.

  • CAPITAL GAINS

    Disposal of Shares by Foreign Shareholder

    The gain on the disposal of a RAK company by its foreign corporate shareholder is exempt from tax in Ras Al Khaimah.

    Capital Gains

    Capital gains are not taxable in Ras Al Khaimah.

    Capital Losses

    Capital losses are not tax-deductible since capital gains are not taxable.

  • STAMP DUTY

    Stamp Duty

    There is no stamp duty in Ras Al Khaimah.

  • CAPITAL DUTY

    Capital Duty

    There is no capital duty in Ras Al Khaimah.

  • VAT

    Ras Al Khaimah does not levy VAT.

Compare RAK to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

Read more
Follow Us
Specialist writers View All
Copyright © 2012 - 2019 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us