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The current standard VAT rate in the country is 5%. [2][3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4] The standard rate of corporate tax is 9%, some exempt businesses and those with net annual profits under AED375,000 (US$102,100) qualify for a rate of 0%, and ...
In 2022, the Dubai government has 58 governmental departments under the supervision of the Dubai Executive Council. [6] The Dubai Official Gazette (Arabic: الجريدة الرسمية transl. Al-Ǧarīdaẗ al-rasmiyyaẗ) is the official publication of the Government of Dubai and publishes laws, ordinances and other regulations. [8]
e. The federal government of the United Arab Emirates (UAE federal government or UAE government) is the national government of the United Arab Emirates, a unitary federation of seven self-governing emirates. The federal government is divided into a legislative, executive, and judicial branch. The executive branch namely, the Cabinet led by the ...
The Cabinet of the United Arab Emirates, or Council of Ministers (Arabic: مجلس الوزراء), is the chief executive body of the United Arab Emirates (UAE) federal government. The cabinet consists of federal government ministers, and is led by the prime minister of the United Arab Emirates. Although not stated in the Constitution of the ...
mof.gov.ae. The Ministry of Finance (MoF) (Arabic: وزارة المالية) is the ministry of the federal government of United Arab Emirates which is responsible for public finances. The ministry's objective is to promote fiscal planning and fiscal sustainability of the federal government of the United Arab Emirates. The ministry is located ...
Dubai 5. Fujairah 6. Ras Al-Khaimah 7. Umm Al-Quwain. The relative prestige and financial influence of each emirate is reflected in the allocation of positions in the federal government. The ruler of Abu Dhabi, whose emirate is the UAE's major oil producer, is president of the UAE. The ruler of Dubai, which is the UAE's commercial center and a ...
The city of Dubai is located on the coast of the Persian Gulf, while the Emirate stretches inland and is bordered to the south by the emirate of Abu Dhabi, to the northeast by the emirate of Sharjah, to the southeast by the country of Oman, to the east by the emirate of Ajman, and to the north by the emirate of Ras Al Khaimah.
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
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