Tax
From The Report: Abu Dhabi 2023
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Abu Dhabi and the broader UAE have established themselves as attractive destinations for business and foreign investment, due in large part to their globally competitive tax regulations.

The UAE remains committed to maintaining a business-friendly economy aligned with international best practices and has proactively adapted to rapid changes in global tax legislation over the past decade. The implementation of updates, such as those in line with the OECD Base Erosion and Profit Shifting actions, underscores its dedication to remaining in compliance with international tax standards. This enhances the country’s appeal as a stable and attractive destination for businesses and investors seeking tax efficiency and transparency.

This chapter contains a viewpoint with Emilio Pera, CEO and Senior Partner, KPMG Lower Gulf.

Articles from this Chapter

Overview

Incentive structure: A comprehensive review of business-friendly tax regulations
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Abu Dhabi and the UAE are desirable locations to establish a business and attract foreign investment, in large part due to their globally competitive tax regulations. The country remains committed to operating a business-friendly economy in line with international best practices. The pace of changes in tax legislation globally has increased exponentially in the last decade. The UAE continues to react to these developments and has enacted updates in line with such changes, like the OECD Base Erosion…

Viewpoint

Framework for resilience: Emilio Pera, CEO and Senior Partner, KPMG Lower Gulf, on Framework for resilience new developments in corporate taxation
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Viewpoint:Emilio Pera As the capital of the UAE, Abu Dhabi is an economic centre that attracts people and businesses from around the world. The emirate’s strategic location, stable political environment and forward-think-ing policies make it a popular destination for both established and emerging businesses. The introduction of a federal corporate tax pre-sents challenges and opportunities to businesses operating in Abu Dhabi and to new entrants. To assess the impact of the new tax,…