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979 – Universal International Premium Rate Service (UIPRS);(formerly assigned to Abu Dhabi, now part of 971 United Arab Emirates) 98 – Iran. 990 – unassigned. 991 – unassigned (formerly used for International Telecommunications Public Correspondence Service) 992 – Tajikistan.
The current standard VAT rate in the country is 5%. [2][3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4] The standard rate of corporate tax is 9%, some exempt businesses and those with net annual profits under AED375,000 (US$102,100) qualify for a rate of 0%, and ...
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Economic overview. UAE has the second-largest economy in the Arab world (after Saudi Arabia), [ 22 ] with a gross domestic product (GDP) of US$414 billion (AED 1.52 trillion) in 2018. [ 23 ] A third of the GDP is from oil revenues. [ 22 ] The economy was expected to grow 4–4.5% in 2013, compared to 2.3–3.5% over the previous five years.
The United Arab Emirates [c] (UAE), or simply The Emirates, [d] is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal , elective monarchy composed of seven emirates , with Abu Dhabi as its capital. [ 16 ]
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