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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]
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Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
The types of Business Licenses issued in the United Arab Emirates (UAE) are professional, commercial, industrial and tourism. The professional license covers services offered by professionals, artisans and craftsmen; the commercial license covers all trading and commercial activities performed with an intention of making profit ; the industrial license covers all industrial and manufacturing ...
The UAE recognized Israel in August 2020, reaching a historic Israel–United Arab Emirates peace agreement and leading towards full normalization of relations between the two countries. [142] [143] [144] UAE is the 53rd most peaceful country in the world, according to the 2024 Global Peace Index. [145]
Laureate Education, Inc. is a company based in Miami, Florida, United States. [1] The firm owns and operates Laureate International Universities, with campuses in Mexico and Peru. [2] The company is publicly traded on the Nasdaq. [3]
The UAE Telecommunications and Digital Government Regulatory Authority (TDRA) was established in 2003 [1] to regulate the Information Communications and Telecommunications (ICT) sector in the United Arab Emirates (UAE) and to ensure sustainability, competitiveness and transparency among the service providers, [2] customers and shareholders. The ...
Indians and Pakistanis form the largest expatriate groups in the country, constituting 28% [5] and 12% of the total population respectively. [6] Around 510,000 Westerners live in the United Arab Emirates, making up 5% of its total population. [7] [8]