The Minister of Economy of the United Arab Emirates, Abdulla Bin Touq Al Mari, announced that the established tax system is global and also applies to emirate companies that have business and investments abroad. He noted at the 'Global Economic Forum' in Davos, Switzerland, that the tax system in the country is the best in the world, which many multinational companies understand well, comply with its requirements, and continue to attract more foreign companies.
In January of this year, a minimum local tax was introduced at a rate of 15% for multinational companies; however, according to the minister, this does not affect the investment climate in the Emirates.
