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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]
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 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 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.
Emirates eGovernment has set up the UAE's official portal www.government.ae, which is a major milestone in the process of eTransformation in the UAE. This portal brings all eServices and information provided by the UAE federal and local government bodies under one umbrella. [13] Emirates eGovernment provides services on G2G, G2B and G2C levels.
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The Securities and Commodities Authority (SCA) is a federal financial regulatory agency in the United Arab Emirates.It was established based on Federal Decree No. (4) of 2000 by then-president of the UAE, Khalifa Bin Zayed Al Nahyan and it's amendments issued in Federal Law 25 of 2006, amending the former law.
The Government of Abu Dhabi (Arabic: حكومة أبوظبي) is the subnational authority that governs the Emirate of Abu Dhabi, one of the seven constituent monarchies which make up the United Arab Emirates. The executive authority and head of the government is the ruler of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan.