Tax
From The Report: Dubai 2016
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This chapter contains an overview of the tax framework in which local and foreign investors operate, including a look ahead at the GCC value-added tax (VAT) framework that is being created and the considered implementation of a corporate income tax.

This chapter contains a viewpoint from Dean Kern, Middle East Tax and Legal Services Leader, PwC.

Articles from this Chapter

Overview

Clear rules: Few taxes are levied in the emirates, although value-added tax will likely be implemented by all GCC member states
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The UAE federal government has exclusive jurisdiction to legislate in relation to UAE taxes. However, no federal tax laws have been established to date. Instead, most of the emirates enacted their own general income tax decrees in the 1960s. In practice, however, the tax decrees have not been enforced to date and, consequently, tax is generally not levied under the decrees on companies operating in the UAE, except for following industries and activities: Companies operating in the upstream oil…

Viewpoint

Preparing for reforms: Dean Kern, Middle East Tax and Legal Services Leader, PwC, on VAT implementation
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As a business centre for the region, the UAE continues to be highly relevant and attractive for investors for a number of reasons, including infrastructure, logistics and access to skilled labour. According to the PwC and World Bank “Paying Taxes 2016” study, the UAE is ranked joint first in the world in terms of the ease of paying taxes. In a region where more than 50% of government revenues come from oil and gas, the current reduction in oil prices and the associated budgetary pressures have…

Viewpoint

Preparing for reforms: Dean Kern, Middle East Tax and Legal Services Leader, PwC, on VAT implementation
OBG
plus

As a business centre for the region, the UAE continues to be highly relevant and attractive for investors for a number of reasons, including infrastructure, logistics and access to skilled labour. According to the PwC and World Bank “Paying Taxes 2016” study, the UAE is ranked joint first in the world in terms of the ease of paying taxes. In a region where more than 50% of government revenues come from oil and gas, the current reduction in oil prices and the associated budgetary pressures have…