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Taxation (Other)Back to top Back to main Skip to menu
United Arab Emirates (UAE) - Taxation (Other)
Corporate Income Tax – None
The only exception is branches of foreign banks who pay 20% of profits. Petrochemical and oil companies pay 50% - 55% of net profit by agreement with the Ruler of each Emirate.
Capital Gains Tax – None
Goods & Service Tax - None. There has been talk of the government imposing a VAT type tax but if and when and how much has never been decided.
Fringe Benefits Tax - None
Wealth Tax - None
Gift Tax - None
Estate Duty - None
Personal Tax – None
Stamp Duty – None
Fixed charges are made by government department for certain services: work permits, visa processing, registering vehicles and notarisations of documents etc.
Payroll Tax – None
For any UAE national with work in the private sector the employer has to contribute 12,5% of the basic salary plus allowances to a pension fund. The employee pays 5% which is automatically deducted from their salary.
Land & Property Tax
When a property is sold there is a tax of 2% split equally between the seller nad buyer. Rented property both commercial and residential has a municipal tax but this varies from emirate to emirate. A similar tax applies to hotels and apartments, again this varies.
Customs & Central Excise
In line with the other member states of the Gulf Co-operation Council the UAE charges 5% of the cargo, insurance and freight (CIF) value of the import.
Alcohol and tobacco are subject to very high rates of duty, but exemptions do apply for certain foodstuffs, personal effects and a whole list of other items.
Read more about this country
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