There are no taxes on personal income nor are there any withholding taxes in the UAE. There are no taxes on the income of companies, except for oil and gas exploration and production companies and branches of foreign banks. There are no taxes on the income of companies, except for oil and gas exploration and production companies and branches of foreign banks. The income of branches of foreign banks is taxed at rates agreed with the ruler of the Emirate in which they operate, generally at a flat rate of 20%. Oil and gas exploration and production companies are taxed at progressive rates of up to 50%/55% in the emirate of Dubai and Abu Dhabi.
UAE has introduced VAT which is based on the GCC Framework and Executive Regulations on the 1st January, 2018.
The UAE on 1st October, 2017 implemented excise tax on select items in the country. The tax affects specific “excise” goods that are produced in the UAE, imported into it or stockpiled in the Emirates, as well as excise goods released from a designated zone.