There are no unified federal tax laws in the United Arab Emirates, each Emirate determines its own tax policy. The following taxes are not charged in the UAE:
- value added tax;
- capital gain tax;
- personal income tax;
- withholding tax;
- corporate taxes.
As opposed to taxes, the companies are charged fixed annual registration fee. Onshore companies are also charged fixed license fee.
Companies operating in the banking sector and the oil industry are subject to corporate taxes in the UAE.
Any remittances from the UAE, irrespective of country of beneficiary and the company type - offshore or onshore - are not subject to withholding tax in the UAE.
