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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 standard rate of corporate tax is 9%, some exempt businesses and those with net annual profits under AED375,000 (US$102,100) qualify for a rate of 0%, and ...
The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [ 5 ] 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 ...
Construction workers from Asia on top floor of the Angsana Tower. The labour force of the United Arab Emirates is primarily made up of foreign temporary workers, most of whom come from the Indian subcontinent and other parts of the Arab World and Asia. There is a sizeable number of Westerners, the majority of them being British and Americans.
A salary statement, commonly called a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes a notice that the direct deposit transaction has gone through or that is attached to the paycheck.
For other uses, see UAE (disambiguation). امارات. The United Arab Emirates[ c ] (UAE), or simply the Emirates, [ d ] is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal, elective monarchy composed of seven emirates, with Abu Dhabi as its capital. [ 16 ]
The three largest Emirates (Dubai, Abu Dhabi, and Sharjah), are home to nearly 85% of the population. [10] The 2022 population of the UAE stands at 9.4 million, [11] of which 69% of the population is male and 31% of the population is female. [12][13][14] The population density of the Emirates has reached a record 114 per km 2. [15] Emirate.
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