ANDY WOOD
MOSAIC CHAMBERS
CORPORATE TAX
UAE
Last Updated 11/11/2024
AT A GLANCE
The United Arab Emirates (UAE) is a constitutional federation established in 1971, made up of Abu Dhabi (the capital of the UAE), Dubai, Sharjah, Ajman, Umm Al-Quwain, Ras Al-Khaimah, and Fujairah.
Bordered by Oman, Saudi Arabia and the Persian Gulf, the official language of the UAE is Arabic, but English is extensively spoken and used in business. The official currency is the United Arab Emirates dirham (AED).
The UAE is an attractive business location and has a very liberal trade system. It has the second largest economy in the Arab world, with a high per capita income and large annual trade surplus. Historically, the UAE has relied on oil exports as a significant part of its economy. But it’s gradually moving away from this now with a sizeable chunk of its gross domestic product (GDP) now coming from other areas.
Our local Tax Natives in the UAE can tell you everything you need to know about the ins and outs of your tax obligations there. Whether you’re buying a single property, or doing complex business deals, we’ll get you the advice you need. Just say the word and we’ll link you with a local expert who can answer all your questions.
THE HEADLINES
- The UAE headline corporate income tax rate can be up to 55% for upstream oil and gas activities. It’s 20% for branches of foreign banks, but it is 0% for most other companies
- There is no personal income tax rate in the UAE
- The standard VAT rate is 5%
Tax experts in the region
How Tax Natives works.
Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.
Ask a question to get startedSTEP ONE
Select the 'Ask a question button located on the top of each page and follow through the process to compose your question
STEP TWO
Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.
STEP THREE
Each Tax Native has to accept a question from an Explorer before a conversation can begin. Once the Tax Native has accepted your question, a quote will be submitted for approval through the messaging portal.
Bring your knowledge to the world.
Become a tax nativeContact us
If you’re having any problems with your membership, account, or just generally loving Tax Natives. Drop us a line here and we’ll get back to you.