GENERAL CHARACTERIZATION OF OAOI TAXES AND LEGISLATIVE REGULATION

The Arab Emirates have always been distinguished by a flexible taxation system, which was aimed at creating favorable conditions for investors and businessmen. Many types of activities were not subject to fees or duties for a long time. Each Emirate had its own Tax Decrees providing for certain tax regulations. The decrees of some Emirates were not always detailed, but described the basis of taxation. There were few differences in what taxes were paid in the Arab Emirates by citizens and what taxes were paid by residents as well.