United Arab Emirates

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TAXES - ACCOUNTING

 

 

Corporate tax

Tax rate for resident companies

There is no levy in United Arab Emirates either on the individuals incomes or on the profits of companies. The only tax applicable to all the companies is the right taken by the municipality in every Emirate during the liberation or the renewal of a commercial license.
This rate amounts to 10% of the annual amount of the offices and stores rent as well as 5% of the annual amount paid by the company to accommodate its employees.

   
Tax rate on long-term capital gains No.
   
System governing groups of companies and dividends paid by subsidiaries to their parent companies No.
   
Tax rate on branches No.




Income tax

   
Income tax rate Individuals are not taxed in the United Arab Emirates.
   



VAT rates

Standard rates The government is considering introducing VAT at 5-7%.
   



Other important taxes


Name of tax
Rate
Tax on oil productions
(Dubaļ)  
55% + royalties  
Levy of banks (Abu Dhabi, Dubaļ, Sharjah).  
20%  


 



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Last modified in 2006 - ongoing update
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