UAE Tax Strategy and Recent VAT Updates

As a part of UAE’s commitment to OECD’s BEPS framework, UAE introduced VAT in 2018 and ESR in 2019

UAE now introduces Corporate tax

• To help cement UAE’s position as a leading jurisdiction for business and investment
• To execute UAE’s support of the global minimum effective tax rate as proposed under “Pillar Two” of the OECD’s BEPS project