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The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]
The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City Dubai Maritime City, Dubai under construction in 2008. A free zone authority is a designated economic area governed by its own set of regulations, which differ from those applicable to businesses outside the zone.
The UAE Telecommunications and Digital Government Regulatory Authority (TDRA) was established in 2003 [1] to regulate the Information Communications and Telecommunications (ICT) sector in the United Arab Emirates (UAE) and to ensure sustainability, competitiveness and transparency among the service providers, [2] customers and shareholders.
The Dubai Development Authority (DDA) (Arabic: سلطة دبي للتطوير), formerly known as the Dubai Creative Clusters Authority and Dubai Technology and Media Free Zone Authority, [1] [2] is a Dubai government authority that oversees the development, control, municipal, economic, and immigration functions across select free zone clusters and other communities by various master ...
FTA Costa Rica has approved / is negotiating. Costa Rica has bilateral agreements with the following countries and blocs (date it took effect): Canada (1 November 2002) Chile (15 February 2002) People's Republic of China (1 August 2011) Caribbean Community (CARICOM) (15 November 2005) Trinidad and Tobago (15 November 2005) Guyana (30 April 2006)
The U.S.–MEFTA initiative started in 2003 with the purpose of creating a U.S.–Middle East Free Trade Area by 2013.. The U.S. objective with this initiative has been to gradually increase trade and investment in the Middle East, and to assist the Middle East countries in implementing domestic reforms, instituting the rule of law, protecting private property rights (including intellectual ...
Dubai Silicon Oasis, known as DSO (Arabic: واحة دبي للسيليكون), is a free-trade zone established by the Dubai government in 2003, spanning an area of 7.2 square kilometers. It is located in the Nadd Hessa community in Dubai .
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.