The UAE’s Consultation on Global Minimum Tax Implementation

The United Arab Emirates (UAE) is actively engaging with the public to gather insights and feedback on the implementation of a global minimum tax, aligning with international tax standards.

Background and Objectives

The consultation initiative is part of the UAE’s commitment to transparency and inclusivity in policymaking, aiming to ensure a fair and transparent tax system while maintaining the country’s competitiveness.

Public Engagement Process

The consultation process includes public forums, online surveys, and stakeholder meetings to collect opinions from businesses, financial experts, and the general public on the implications of the global minimum tax.

Impact on the UAE’s Economy

The UAE’s favorable tax regime has attracted foreign investment in the past. The consultation seeks to address how implementing a global minimum tax may influence investment decisions and how the UAE can balance competitiveness with international tax standards.

Government’s Approach

The feedback gathered from the consultation will guide the UAE government in determining the appropriate tax rate, exemptions, incentives, compliance mechanisms, and enforcement strategies for the global minimum tax.

The UAE’s public consultation on the global minimum tax is a crucial step towards aligning with international tax standards, promoting transparency, and driving economic growth in line with the UAE Vision 2030 goals.

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