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| Although U.A.E. law provides for taxation, no personal income taxes or corporate tax are actually levied and collected, neither in Dubai nor in the free trade zones. The free trade zones offer additional guarantees to companies concerning their future tax-free status. A change in taxation policy is not envisaged. Income taxes are levied at oil producing companies and at branches of foreign banks. A community tax of 10% is assessed on hotel bills (meals and rooms). In addition, a tax of 5% becomes payable on the cost of the rent for hotel apartments provided the rental contract has a duration of more than 3 months (otherwise 10% are payable). Import customs generally amount to 5% (no customs are due on imports from G.C.C. countries and on imports in free trade zones). Customs on alcohol, however, are 50%, on cigarettes 100%. | |||||||||||
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