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Central Park Towers is a complex of two towers in Dubai International Financial Centre (DIFC) in Dubai, United Arab Emirates.The complex comprises the Office Tower which is 45 floors and 219.9 m (721 ft) tall, [1] and the Residential Tower which is 47 floors and 243 m (797 ft) tall.
The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]
The Ministry of Finance (MoF) (Arabic: وزارة المالية) is the ministry of the federal government of United Arab Emirates which is responsible for public finances. The ministry's objective is to promote fiscal planning and fiscal sustainability of the federal government of the United Arab Emirates. The ministry is located in Abu Dhabi ...
The Emirates Office Tower, is a 54-floor office building along Sheikh Zayed Road in the city of Dubai, United Arab Emirates.Connected with the 56-floor Jumeirah Emirates Towers Hotel by a retail boulevard, the two towers form what is commonly referred to as the Emirates Towers complex.
DIFC is regulated by the Dubai Financial Services Authority, an independent regulator exclusive to the zone, and by its own court system, DIFC Courts, separate from the Emirate of Dubai's legal system and that of the federal government of the UAE. [3] DIFC follows the common law framework and operates in English. [4]
The UAE federal government was formed on 2 December 1971, when the rulers of five emirates, formerly part of the Trucial States established the United Arab Emirates.The Constitution established the federal government and outlined its mandates and jurisdictions in Article 120 and Article 121.
The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City Dubai Maritime City, Dubai under construction in 2008. A free zone authority is a designated economic area governed by its own set of regulations, which differ from those applicable to businesses outside the zone.
A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. [ 1 ] [ 2 ] Depending on the jurisdiction , revenue services may be charged with tax collection , investigation of tax evasion , or carrying out audits .