UAE Affirms Fiscal Stability: No Plans for Tax Hikes in 2024

UAE, 13 February, 2024 :  The UAE's finance ministry official, Younis Haji Al Khouri, underscored the government's steadfast commitment to fiscal stability. Reiterating no plans for income tax hikes or VAT adjustments, the UAE remains focused on maintaining its competitive edge. The OECD's recent endorsement of the UAE's corporate tax regime for free zones further validates the country's adherence to global tax norms. 

With the introduction of corporate tax in 2023, the UAE demonstrates proactive steps towards economic diversification and sustainable growth, solidifying its position as a dynamic business hub in the region.

Source : https://www.zawya.com/en/uae