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Some emirates levy property, transfer, excise and tourism taxes. Some emirates also charge corporate taxes on oil companies and foreign banks. 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).
Free zones in Dubai are managed and operated by the relevant authority. For instance, the Jebel Ali Free Zone Authority in Dubai is responsible for managing, operating and supervising the Jebel Ali Free Zone, one of the largest seaport free zones in Dubai. It has a subsidized rate of 32 percent on the country's Foreign Direct Investment (FDI).
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.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
A British man accused by Denmark of masterminding a $1.7 billion tax fraud has been ordered by a Dubai court to pay Copenhagen's tax authority $1.25 billion, court filings seen Friday show, just ...
Alongside his ministerial work, Al Hussaini serves as the Chairman of Al Etihad Credit Information Company, [5] Deputy Chairman of the Federal Tax Authority Board, [6] [7] and a member of Dubai Government Investments Corporation [8] and the board of directors of the Emirates Investment Authority.
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]
Iranian National Tax Administration (INTA) [6] 4 Lebanon: Ministry of Finance: 5 Morocco: Ministry of Economy and Finance: 6 Saudi Arabia: Zakat, Tax and Customs Authority: 7 Tajikistan — 8 United Arab Emirates: Federal Tax Authority: 9 Bangladesh: National Board of Revenue (NBR) 10 Egypt: Egyptian Tax Authority: 11 Iraq: General Authority ...