Tax
From The Report: Abu Dhabi 2014
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This chapter features an overview of Abu Dhabi’s straightforward tax regime and a viewpoint from Mahmud Merali, Managing Partner, MERALI’S.

Articles from this Chapter

Overview

A simple regime: Tax laws are few and straight-forward
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The federal government of the UAE has not promulgated any tax laws. Most of the individual emirates have issued corporate tax decrees, but, in practice, taxes are only imposed on oil- and gas-producing companies at rates set forth in their government concession agreements, and on branches of foreign banks at rates set out in specific tax decrees or fixed in agreements with the rulers of the emirates in which the branches operate. The income tax decrees which have been enacted in each emirate provide…

Viewpoint

Forward progress: Mahmud Merali, Managing Partner, MERALI’S, on improving the business climate
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In terms of addressing business challenges, improved corporate governance requirements, better risk management practices, and reforms to the legal framework would enhance the development and resilience of the UAE economy. Good corporate governance is a key factor in sustaining economic growth. Adhering to best practices in this respect can play an important role in enhancing the confidence of investors. As economic conditions change, so too must risk management priorities. Risk management is an increasingly…