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Dubai Weighs Reducing Business Fees as UAE Unveils Corporate Tax

Morning fog shrouds residential and commercial skyscrapers in the marina district of Dubai.

Morning fog shrouds residential and commercial skyscrapers in the marina district of Dubai.

Photographer: Christopher Pike/Bloomberg
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Dubai will consider cutting costs for businesses operating in the Middle East’s commercial hub after the United Arab Emirates set out plans to introduce taxes on corporate profit from next year.

“The fees imposed by the government of Dubai on commercial activities are affordable in the absence of corporate tax,” Abdulrahman Saleh Al Saleh, director general of Dubai’s Department of Finance, said in a statement. After the introduction of the corporate tax, “we will be keen to study those fees and look into the possibility of gradually reducing them in line with emergent trends.”