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Taxation In The United Arab Emirates
History Since the discovery of oil in the UAE in the mid-1960s, the UAE federal and local governments had no incentive to levy direct taxes. Local governments received royalties from their emirate-owned oil companies, which local governments used to fund the federal government. Since then, the UAE is working to diversify its economy and government revenue away from oil and other hydrocarbons; with taxes being a major source for diversifying government-revenue sources. Responsibilities and Functions Tax administration: the FTA administers various taxes implemented in the UAE, including Value Added Tax (VAT), Excise Tax, and Corporate Tax. This includes the registration of taxpayers, collection of taxes, and processing of tax returns. Compliance and Enforcement: The FTA monitors compliance with tax laws through audits and inspections. It ensures that businesses and individuals adhere to the regulatory requirements and addresses any issues of non-compliance. Guidance and Support: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Direct Tax
Although the actual definitions vary between jurisdictions, in general, a direct tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax. There is a distinction between direct and indirect taxes depending on whether the tax payer is the actual taxpayer or if the amount of tax is supported by a third party, usually a client. The term may be used in economic and political analyses, and may have legal implications in some jurisdictions. In the United States of America, the term has special constitutional significance because of two provisions in the U.S. Constitution that any ''direct taxes'' imposed by the national government be apportioned among the states on the basis of population. It is also significant in the European Union, where direct taxation remains the sole responsibility of member states. General meaning In general, a direct tax is one imposed upon an individual person (juristic person, jurist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Arab Emirates
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab Emirates, seven emirates, with Abu Dhabi serving as its capital. It shares land borders with Oman to the east and northeast, and with Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran, and with Oman in the Gulf of Oman. , the UAE has an estimated population of over 10 million, of which 11% are Emiratis; Dubai is List of cities in the United Arab Emirates, its most populous city and is an international hub. Islam is the State religion, official religion and Arabic is the official language, while English is the most spoken language and the language of business. The United Arab Emirates Oil reserves in the United Arab Emirates, oil and natural gas reserves are the world's List of countries by pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Tobacco Products
Tobacco is the agricultural product of the leaves of plants in the genus ''Nicotiana'', commonly termed ''tobacco plants''. All species of ''Nicotiana'' contain the addictive drug nicotine—a psychostimulant alkaloid found in all parts of the plants except the seeds, and most heavily-concentrated in the leaves—which occurs in varying amounts depending on the species of ''Nicotiana'' grown; the breed, type, or variety of tobacco cultivated and produced; and the method used to cure and process tobacco leaves once they have been harvested. This article provides a list of tobacco preparations and products. This list includes both tobacco products meant for consumption and those intended for other uses. Under the heading of consumable tobacco products, several categories of tobacco product are described in this list. Of these four basic categories, the first two include what are most often traditional types of tobacco products and preparations, relegated to the broad sub-cate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soft Drink
A soft drink (see #Terminology, § Terminology for other names) is a class of non-alcoholic drink, usually (but not necessarily) Carbonated water, carbonated, and typically including added Sweetness, sweetener. Flavors used to be Natural flavor, natural, but now can also be Artificial Flavoring, artificial. The sweetener may be a sugar, high-fructose corn syrup, fruit juice, a sugar substitute (in the case of diet sodas), or some combination of these. Soft drinks may also contain caffeine, Food coloring, colorings, preservatives and other ingredients. Coffee, tea, milk, cocoa, and unaltered fruit and vegetable juices are not considered soft drinks. Soft drinks are called "soft" in contrast with "hard" alcoholic beverages, alcoholic drinks. Small amounts of alcohol (drug), alcohol may be present in a soft drink, but the Alcohol by volume, alcohol content must be less than 0.5% of the total volume of the drink in many countries and localities See §7.71, paragraphs (e) and (f). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tobacco
Tobacco is the common name of several plants in the genus '' Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the chief commercial crop is ''N. tabacum''. The more potent variant ''N. rustica'' is also used in some countries. Dried tobacco leaves are mainly used for smoking in cigarettes and cigars, as well as pipes and shishas. They can also be consumed as snuff, chewing tobacco, dipping tobacco, and snus. Tobacco contains the highly addictive stimulant alkaloid nicotine as well as harmala alkaloids. Tobacco use is a cause or risk factor for many deadly diseases, especially those affecting the heart, liver, and lungs, as well as many cancers. In 2008, the World Health Organization named tobacco use as the world's single greatest preventable cause of death. Etymology The English word 'tobacco' originates from the Spanish word ''taba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salik (road Toll)
Salik (In Arabic language, Arabic: سالك meaning "clear and moving") is the name given to the electronic toll road system in Dubai, United Arab Emirates, which is based on RFID technology, automatically deducting a fee when a toll gate is passed under. The Salik toll was launched by Dubai's Dubai Roads and Transport Authority (RTA) on 1 July 2007. Motorists are required to buy a 100 United Arab Emirates dirham, AED pre-paid card that is affixed to their windscreens. 4 AED ($1.08) is deducted from their account each time they pass through a toll gate. Initially, there were two toll gates, one near Al Garhoud Bridge, and one near Mall of the Emirates on Sheikh Zayed Road, but later in September 2008 two more gates were installed on Maktoum Bridge and at Al Safa. History On 9 September 2008, two more SALIK gates were instituted, one at Safa Park and another at Al Maktoum Bridge. The Roads and Transport Authority of Dubai (RTA) explained how the new gates will work in conju ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The United Arab Emirates
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 3rd largest in the Middle East (after Turkey and Saudi Arabia ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. The UAE economy is heavily reliant on revenues from petroleum and natural gas, especially in Abu Dhabi. In 2009, more than 85% of the UAE's economy was based on the oil exports. In 2011, oil exports accounted for 77% of the UAE's state budget. In recent years, there has been some economic diversification, particularly in Dubai. Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification. Dubai has far smaller oil reserves than its counterparts. Tourism is one of the biggest non-oil sources of revenue in the UAE. A massive construction boom, an expanding manufacturing base, and a thriving services sector are helping the country to diversify its economy. In 2007, there was US $350 billion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
