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United Arab Emirates
Overview
Last reviewed - 16 February 2024The United Arab Emirates (UAE), located in the southeast of the Arabian Peninsula, is bordered by the Persian Gulf to the north, Oman to the east, and Saudi Arabia to the south and west. It is a constitutional federation of seven Emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Ras Al-Khaimah, and Fujairah. The federation was formally established on 2 December 1971, and the capital is Abu Dhabi. Arabic is the official language of the United Arab Emirates, with English widely spoken and used in business, and the currency is the United Arab Emirates dirham (AED).
The United Arab Emirates has a well-established infrastructure, stable political system, and one of the most liberal trade regimes in the Gulf region. It continues to be increasingly important, relevant, and attractive to businesses from around the world as a place to do business and as a hub for the region and beyond. The United Arab Emirates is also one of the best examples in the region of an economy that has successfully moved away from reliance on the energy sector. A significant proportion of the gross domestic product (GDP) is being derived from non-oil revenues.
PwC has been practising in the United Arab Emirates for over a quarter of a century, and specialises in audit, assurance, business advisory services, and tax and legal services. Complementing our depth of industry expertise and breadth of skills is our sound knowledge of the local business and regulatory environments across the Middle East.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
9 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
Under the UAE CT Law, all taxable persons are required to file a corporate tax return within nine months from the end of the relevant tax period. |
| CIT final payment due date |
Under the UAE CT Law, all taxable persons are required to pay corporate tax within nine months from the end of the relevant tax period. |
| CIT estimated payment due dates |
Under the UAE CT Law, there is no requirement of estimated/advance tax payments. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
NA |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
NA |
| PIT final payment due date |
NA |
| PIT estimated payment due dates |
NA |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
5 |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
0% WHT in case of certain categories of UAE-sourced income to be specified by way of a Cabinet decision. |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Same as UAE CT rates, where participation exemption is not available. |
| Headline individual capital gains tax rate (%) |
NA |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
NA |
| Headline gift tax rate (%) |
NA |
United Arab Emirates contacts
United Arab Emirates contacts
United Arab Emirates News
Tax Partner - Middle East Specialist Tax Services Leader, PwC Middle East
+971 50 225 6909
