Corporate tax in UAE

As of my last training data in September 2021, the United Arab Emirates (UAE) is recognized globally for its unique, business-friendly tax regime. Unlike many countries, the UAE does not have a federal corporate income tax (CIT) levied on all companies. Rather, Corporate taxation in the UAE is limited and sector-specific.<br>Primarily, the corporate tax is imposed on oil and gas production companies, as well as branches of foreign banks. Oil companies are taxed on their UAE-sourced income, with rates specified in the concessions agreements, typically ranging from 55% to 85%. Foreign banks' branch

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Corporate tax in UAE

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