However, in practice, CIT is currently only enforced in respect of corporate entities engaged in the production of oil and gas or extraction of other natural resources in the United Arab Emirates. Rate– Oil and gas exploration and production companies are taxed at progressive rates of up to 55% under the applicable Emirate-level income tax decree, although in practice different rates may be agreed with the relevant authority under specific government concession agreements. Download the ALHOSN UAE contact-tracing app, Stay at home during restricted hours as per the regulations in force, During restricted hours, step out only if absolutely necessary, for health emergency, or if you work in a vital sector. Please try again. Your message was not sent. The UAE levies corporate tax on oil companies and foreign banks only. The content is straightforward. In addition, some of the Emirates have their own specific banking tax decrees, which impose CIT on branches of foreign banks at the rate of 20%. Chapter by chapter, from Albania to Zimbabwe, we summarize corporate tax systems in more than 160 jurisdictions. Currently, the United Arab Emirates does not have a federal corporate income tax (CIT) regime; however, most of the Emirates introduced income tax decrees in the late 1960s, and taxation is therefore determined on an Emirate-by-Emirate basis. Each emirate has its own laws on corporate taxes for companies operating within the emirate, but in reality taxes are imposed only on the following entities: 1. Please contact for general WWTS inquiries and website support. However, there are no withholding taxes for remitting dividends, royalties or interests abroad. Refer to the business file. Luckily, there are many countries that adopted a special business environment like the free trade zones. The United Arab Emirates has a corporate tax rate of up to 55%; however, its tax framework is somewhat unique. There are many reasons why foreign investors are looking to open companies in the UAE, and the tax structure is the most important one. All rights reserved. Corporate taxation in Dubai is limited only to banks and oil companies. The same is available for UAE and, We remind that companies operating in the banking sector or in the oil and gas field in Dubai are subject to the, How to Obtain a Professional License in Dubai, How to Obtain an Industrial License in Dubai, Open a Business for Real Estate Activities in Dubai, Open a Business for Rental and Leasing Activities in Dubai, New Rules for Companies in Jebel Ali Free Zone, 7 Reasons Why You Should Open a Company in Dubai, Obtain Information About a Company in Dubai, Open a Company in Dubai Airport Free Zone, Set up a Company in Dubai Multi Commodities Centre Free Zone, Establish a Company in Dubai Media City Free Zone, Form a Company in Dubai Healthcare City Free Zone, Set up a Company in Dubai Maritime City Free Zone, Open a Company in Jebel Ali Free Zone in Dubai, Establish a Company in Dubai Internet City Free Zone, Open a Company in Dubai Biotechnology and Research Park, The Minimum Share Capital for a Company in Dubai, The Articles of Association of a UAE Company, Create a Company in Dubai Industrial City, Establish a Company in Dubai International Financial Centre, Establish a Company in Dubai Knowledge Village, Open a Company in Dubai Silicon Oasis Free Zone, Open a Company in Umm al Quwain Free Zone, Open a Limited Liability Company in Dubai, Set up Free Zone Limited Liability Company in Dubai, Set up a Company in the Construction Sector in Dubai, Open a Company in the Banking Sector in Dubai, Establish a Company in Aviation Sector in Dubai, Set up a Company in Energy Sector in Dubai, Create a Company in the Healthcare Sector in Dubai, Establish a Company in the Fishing Sector in Dubai, Start Advertising and Marketing Company in Dubai, Establish a Transporting and Storage Company in Dubai, Set up a Business for Repair and Maintenance of Ships/Boats, Open a Dubai Business for Repair of Transport Equipment, Open Dubai Business in Electricity, Gas and Air Conditioning, Set up a Business for Sale of Motor Vehicles in Dubai, Open Business for Maintenance and Repair of Motor Vehicles, Open a Dubai Business for Selling Food, Beverages, Tobacco, Open a Business for Selling Coffee, Tea and Spices in Dubai, Set up a Business for Selling Textiles in Dubai, Set up a Business for Selling Household Goods in Dubai, Establish a Business for Selling Cosmetics in Dubai, Set up a Business for Selling Pharmaceutical Goods, Open a Company in the Aquaculture Sector in Dubai, Open a Company for Extraction of Crude Petroleum in Dubai, Legislation in Dubai for Foreign Investments, The Legal Obligations of a LLC Manager in Dubai, Recognition of Foreign Judgments in Dubai, Signing Contracts with a Company in Dubai, Requirements of Dubai Banks for Opening an Account, Expatriates Sponsoring Thier Families in the UAE, Legal Assistance for the Protection of Trademarks in Dubai, Legal Assistance for Commercial Transactions in Dubai, Legal Assistance for Investments in Dubai, Legal Assistance for Private Equity in Dubai.
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