Amongst the many benefits of locating in the UAE is the country’s tax system, which is attractive to both individuals and businesses.

The UAE has no personal taxes and corporate income tax is only applied to oil companies and branches of foreign banks.

There are, however, indirect taxes in the UAE in the form of Value Added Tax, Excise Tax and Customs duty. In addition, the UAE has also introduced two tax based regulatory regimes: Economic Substance Regulations (ESR) and Country by Country reporting (CbCR). The ESR and CbCR are linked to the anti-tax avoidance programs promoted by the Organisation for Economic Co-operation and Development (OECD).

The Federal Tax Authority (FTA) is the government body that oversees the administration of taxes in the UAE.

BDO UAE can help and advise on any matter related to tax in the UAE and can provide news and updates on all the latest developments.