The UAE does not levy income tax on individuals, but it levies corporate tax on oil companies and foreign banks only. The country has several agreements in place with other nations to avoid double taxation on investments overseas.
The UAE does not levy income tax on individuals.
The UAE levies corporate tax on oil companies and foreign banks only. It has not yet applied corporate tax on other industries.
Businesses registered in the free zones are exempt from corporate tax for certain time and such time can be extended. Rules and regulations of independent free zones apply. Refer to the business file.
The UAE has 94 agreements in place with other nations to avoid double taxation on investments overseas. The agreements on the Avoidance of Double Taxation are aimed to:
Restaurants, hotels, hotel apartments, resorts etc. in the UAE might charge one or more of the following taxes:
In Dubai, hotels charge 'Tourism Dirham Fee' per room per night of occupancy (for a maximum of 30 consecutive nights) ranging from AED 7 to 20 depending on the category/grade of the hotel.
In May 2016, it was announced that hotels in Abu Dhabi would charge a new additional fee of 4 percent of hotel stay bill and AED 15 charges per night per room.
In Ras Al Khaimah, hotels charge AED 15 tourism fee per room per night.
Laws and regulations: