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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 ...
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
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.
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The official portal of the UAE Government is u.ae (old URL: government.ae). It is part of the federal eGovernment program and a major milestone in the process of eTransformation in the UAE. This portal brings all eServices provided by the UAE federal and local government bodies under one umbrella.
According to the decree, the main responsibilities of the ministry are to: coordinate between the government and the Federal National Council (FNC), the official people’s representative body, as well as the execution of its responsibilities, participate in the preparation of legislation concerning the role of the FNC, supervise dissemination of information pertaining to parliamentary ...
The UAE e-Government is the extension of the UAE federal government in its electronic form. [103] The UAE's Council of Ministers (Arabic: مجلس الوزراء) is the chief executive branch of the government presided over by the prime minister. The prime minister, who is appointed by the Federal Supreme Council, appoints the ministers.