United Arab Emirates
The Federal Tax Authority (FTA) is responsible for the management, collection, and implementation of federal taxes (e.g. VAT) and related penalties, the distribution of tax revenues, and the application of tax laws.
The Tax Procedure Law and related Cabinet Decisions govern general tax compliance obligations, the procedure for tax audits, how to appeal assessments or decisions, the disclosure of errors, administrative penalties, as well as fees for services provided by the FTA.
Most companies established or operating in the United Arab Emirates (with the exception of foreign oil companies engaged in upstream petroleum activities and branches of foreign banks) are currently not required to register and file corporate income tax returns in the United Arab Emirates.