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.
Excise tax is a form of indirect tax levied on specific goods which are typically harmful to human health or the environment. The UAE Government is levying excise tax to reduce consumption of unhealthy and harmful commodities while also raising revenues for the government that ...
The UAE issued the Corporate Tax Law on 9 December 2022, establishing the legislative framework for the introduction and implementation of a federal corporate tax in the country. The Federal Decree-Law applies to financial years beginning on or after 1 June 2023.
Taxpayers, who disagree with a decision made by Federal Tax Authority (FTA), can request for a reconsideration. The request must be in Arabic and submitted by the person concerned or his legal representative within 45 days of FTA’s decision.
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