Are any corporate taxes levied in Dubai or in the UAE on foreign companies?
Tax legislation is the prerogative of the individual emirates in the UAE. The tax laws provide for the levying of taxes, however, in practice, most provisions are not applied. Only banks and companies immediately involved in the extraction and processing of oil, gas and petrochemical products, are liable to taxation. Thus, companies that do not fall into one of the above categories and generate an income from business operations in the UAE, are currently neither subject to corporation tax, nor other taxes in the UAE.
